Iraq : Request for Stand-By Arrangement

1IRQEA2006001 Image
Price:  $15.00

Release Date: © January, 2006
ISBN : 978-1-45181-910-6
Stock #: 1IRQEA2006001
English
Stock Status: On back-order

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Description

This paper discusses Iraq’s request for Stand-By Arrangement for 15 months from December 2005 through March 2007, which they intend to treat as precautionary. The authorities’ policies have succeeded in promoting overall macroeconomic stability despite the extremely difficult security environment. Economic growth in 2005 is estimated at 2.6 percent, following the rebound of almost 50 percent recorded in 2004. Inflation pressures have moderated in 2005, though prices remain volatile. The medium-term outlook for Iraq is favorable, but subject to many risks.

Taxonomy

Balance of payments , Economic policy , Exchange rate policy , Fiscal policy , Foreign exchange , Monetary policy




More publications in this series: IMF Staff Country Reports