On July 19, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Iraq. An improved security situation and the recovery in oil prices have improved near-term vulnerabilities. Large fiscal and current account surpluses—around 8 and 6 percent of GDP, respectively—were recorded in 2018, allowing the government to […]
Tag Archives | International Monetary Fund (IMF)
IMF: Non-Oil Growth to Increase to 5.4%
IMF Staff Completes 2019 Article IV Mission on Iraq An International Monetary Fund (IMF) team led by Gavin Gray visited Amman from April 26 to May 2, to hold discussions with the Iraqi authorities in the context of the 2019 Article IV Consultation. At the end of the visit, Mr. Gray made the following statement: […]
Iraq’s 2019 Budget busts IMF Deal
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi President Barham Salih (pictured) approved the controversial 2019 budget on Feb. 4. The budget passed the parliament Jan. 23 after long debates over allocations for the Kurdistan Region and southern […]
Iraq Increases Taxes amid Public Discontent
By Salam Zidane for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi government sent to parliament a revised version of the 2018 budget bill for the fourth time Feb. 11. The budget proposal includes a new 10% tax on sales at commercial centers, restaurants and […]
“It’s Not the Donations, Stupid”: Key Points from Kuwait Conference
By Editor on 22nd February 2018 in Ahmed Tabaqchali, Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News
By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. ‘It’s Not the Donations, Stupid’: Key Points from the Kuwait Conference With a few exceptions, the coverage of the “Kuwait International Conference for the […]
Tags: AFC Iraq Fund, Ahmed Tabaqchali, Asia Frontier Capital (AFC), FDI, featured, gdp, International Monetary Fund (IMF), Iraq Budget News, Kuwait International Conference of Iraq Reconstruction and Development, reconstruction, World Bank
New EU Strategy to Increase Support to Iraq
By Editor on 9th January 2018 in Construction & Engineering In Iraq, Investment, Iraq Industry & Trade News
EU strategy on Iraq: new proposal to strengthen support to the Iraqi people On Monday, the High Representative of the Union for Foreign Affairs and Security Policy and the European Commission adopted a Joint Communication proposing an EU strategy for Iraq in order to address the many challenges the country faces following the territorial defeat […]
Tags: European Union (EU), featured, International Monetary Fund (IMF), Kuwait, reconstruction, United Nations, World Bank
Statement from IMF Mission on Iraq
The Iraqi authorities and the staff of the International Monetary Fund (IMF) continued discussions in Amman from November 17 to 21, 2017 on the third review of Iraq’s 36-month Stand-By Arrangement (SBA). The IMF Executive Board approved the SBA on July 7, 2016 (See Press Release No. 16/321), and completed the second review on August […]
Tags: Central Bank of Iraq (CBI), featured, International Monetary Fund (IMF), Stand-By Arrangement (SBA)
IBBC holds Successful Autumn Conference in Dubai
By Editor on 13th November 2017 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Education and Training News, Iraq Industry & Trade News, Iraq Oil & Gas News
Iraq Britain Business Council holds successful Autumn Conference in Dubai Following on from the first Iraq Britain Business Council conference in Dubai in 2016, the IBBC was delighted to host its Autumn Conference in the UAE once again. The event was strongly supported by the UAE authorities. Alongside Baroness Nicholson, the UK Prime Minister’s Trade […]
Tags: Baroness Nicholson, conferences, DrillTech, dubai, Eversheds, Eversheds Sutherland, featured, Gulftainer, International Finance Corporation (IFC), International Islamic Bank, International Monetary Fund (IMF), Iraq Britain Business Council (IBBC), KCA Deutag, National Investment Commission (NIC), Rolls-Royce, Serco, United Arab Emirates (UAE), United Kingdom, Wood, World Bank, Zain
Opportunity for UAE Business: Key Iraqi Ministers come to Conference
By Editor on 31st October 2017 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News
Rebuilding Iraq is central to the agenda of the Iraq Britain Business Council (IBBC) autumn conference at The Address, Dubai Marina on 12th November. The opportunity for businesses in the region to engage in Iraq is reflected by the attendance of a number of high profile Iraqi Ministers: from Electricity, Transport, Oil, Construction and Housing, […]
Tags: BP, conferences, dubai, featured, GE, Gulftainer, International Islamic Bank, International Monetary Fund (IMF), Iraq British Business Council (IBBC), KCA Deutag, Petronas, Serco, Shell, Siemens, United Arab Emirates (UAE), United Kingdom, Wood, World Bank, Zain
IMF Staff Concludes Visit on Iraq
The Iraqi authorities and the staff of the International Monetary Fund (IMF) held discussions in Amman from September 17 to 28, 2017 on the third review of Iraq’s 36-month Stand-By Arrangement (SBA). The IMF Executive Board approved the SBA on July 7, 2016 (See Press Release No. 16/321), and completed the second review on August […]
Iraq signs $270m Loan from Japan
Iraq has signed for receiving a Japanese loan worth USD270 million according to a statement from the Japanese Embassy in Iraq. The loan is designed to improve Iraq’s financial situation and to help the country proceed with reforms, the statement by the embassy said, noting that it comes as a second tranche of a USD500 […]
IMF: “Iraq is Facing a Double Shock”
By Editor on 14th August 2017 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News, Iraq Public Works News, Politics, Security
On August 1, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV consultation with Iraq. Iraq is facing a double shock arising from the conflict with ISIS and the plunge in oil prices. In 2016, real GDP increased by 11 percent owing to a 25 percent increase in oil production, which was […]