Princeton University Library Catalog

Iraq [electronic resource] : First and Second Reviews of the Staff-Monitored Program and Request for a Three-year Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Iraq.

Author:
International Monetary Fund. Middle East and Central Asia Dept [Browse]
Format:
Book
Language:
English
Published/​Created:
Washington, D.C. : International Monetary Fund, 2016.
Description:
1 online resource (102 p.)
Series:
IMF Staff Country Reports [More in this series]
Summary note:
This paper discusses Iraq's First and Second Reviews of the Staff-Monitored Program (SMP) and Request for a Three-Year Stand-By Arrangement. The oil price decline has resulted in a massive reduction in Iraq's budget revenue, pushing the fiscal deficit to an unsustainable level. The authorities are responding to the crisis with a mix of necessary fiscal adjustment and financing, maintaining their commitment to the exchange rate peg. The authorities started an SMP in November 2015 to establish a track record of policy credibility and pave the way to a possible IMF financing arrangement. Their performance under the SMP has been broadly satisfactory.
Source of description:
Description based on print version record.
ISBN:
  • 1498357652 :
Doi:
  • 10.5089/9781498357654.002
Related name:
Other views:
Staff view