This Selected Issues paper discusses the choice and design of rules for Iraq, guided by fiscal policy priorities and … fiscal policy procyclicality, and help secure debt sustainability. A strong policy framework can help Iraq manage the …, and fiscal responsibility laws that exist in many resource-rich countries are lacking in Iraq. Moving to a risk- and rules …

This 2019 Article IV Consultation and Proposal for Post-Program Monitoring highlights that Iraq's social conditions …

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 …

This 2017 Article IV Consultation highlights a double shock facing Iraq as a result of the conflict with the Islamic … production, which was little affected by the conflict with the Islamic State. Falling oil prices have driven the decline in Iraq …

This Selected Issues paper discusses the need to reduce Iraq's current expenditure to create fiscal space for inclusive … growth. Iraq's public spending is high in international comparison and is driven by its two largest components: compensation …

Iraq is substantially exposed to fiscal risks related to guarantees issued by the State, with a stock of guarantees …

Iraq's socio-economic fragilities have been severely aggravated by the pandemic and the sharp decline in oil revenues … covers the government's large wage and pension bills. Although the number of new infections declined recently, Iraq …

This paper discusses Iraq's First Review of the Three-Year Stand-by Arrangement (SBA) and Financing Assurances Review …