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Iraq: First Review Under the Stand-By Arrangement and Financing Assurances Review Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iraq

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  • International Monetary Fund

Abstract

The First Review under the Stand-By Arrangement (SBA) discusses policies focused on measures to accelerate the reconstruction of the Iraqi economy while maintaining macroeconomic stability. Inflation has slowed down, and monetary and exchange rate policies have been adjusted. The Central Bank of Iraq (CBI) will increase the pace of appreciation of the dinar and keep the policy interest rate positive in real terms to keep inflation under control. Restructuring plans for the two largest state-owned banks will be developed on the basis of their finalized financial and operational audits.

Suggested Citation

  • International Monetary Fund, 2008. "Iraq: First Review Under the Stand-By Arrangement and Financing Assurances Review Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Direct," IMF Staff Country Reports 2008/303, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2008/303
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=22358
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    Cited by:

    1. Marco Mele & Floriana Nicolai, 2019. "The Role of the International Monetary Fund After the 2008 Crisis," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(1), pages 60-71, June.

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