Iraq : 2017 Article IV Consultation and Second Review under the Three-Year Stand-by Arrangement-and Requests for Waivers of Nonobservance and Applicability of Performance Criteria, and Modification of Performance Criteria-Press Release; Staff Report;…
Author/Editor:
International Monetary Fund. Middle East and Central Asia Dept.
Publication Date:
August 9, 2017
Electronic Access:
Free Full text (PDF file size is 2405 KB).Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Iraq is an oil-dependent and state-dominated fragile economy that has been hit hard by the conflict with ISIS and the fall in oil prices. The conflict has hurt the economy through displacement and impoverishment of millions of people, and destruction of infrastructure and assets. The oil price decline has resulted in a massive reduction in budget revenue, pushing the fiscal deficit to an unsustainable level. The authorities are responding to the crisis with ambitious but necessary fiscal adjustment while maintaining their commitment to the exchange rate peg, which provides a key nominal anchor in a highly uncertain environment.
Series:
Country Report No. 17/251
English
Publication Date:
August 9, 2017
ISBN/ISSN:
9781484314944/1934-7685
Stock No:
1IRQEA2017001
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
132
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