IMF Staff Country Reports

Iraq: Use of Fund Resources—Request for Emergency Post-Conflict Assistance

Publication Date:

October 18, 2004

Electronic Access:

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Summary:

This paper reviews Iraq’s Request for Emergency Post-Conflict Assistance (EPCA). The authorities’ main goals under the EPCA-supported program are to improve the general welfare of the Iraqi people and address Iraq’s external debt problem. The authorities’ program is to be underpinned by a prudent fiscal policy that aims to limit spending to available government revenues and external resources, the use of the exchange rate to anchor inflation expectations, and the planning and undertaking of key structural reforms to transform Iraq into a market economy.

Series:

Country Report No. 2004/325

Subject:

Commodities Emergency assistance Expenditure External debt Foreign aid International trade Oil Oil exports