By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. IMF Sees Budget Boosting non-oil GDP Growth The equity market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was down 1.9% […]
By John Lee. The International Monetary Fund (IMF), International Labour Organization (ILO), and World Bank have issued a detailed report on the reform of Iraq's pension system. The report, titled "Towards an Inclusive, Equitable and Sustainable National Pension System in Iraq", highlighted the following key points: Importance of Pension Systems: Central to social protection. Ensures […]
By John Lee. The International Monetary Fund (IMF) has issued a detailed report on the Iraqi economy. The following key points were highlighted: Improved Domestic Stability: Since the new government took office in October 2022, Iraq has experienced improved domestic stability. This facilitated the passage of its first three-year budget, which led to a large […]
By John Lee. The International Monetary Fund (IMF) has published a "High Level Summary Technical Assistance Report" looking at the tax system in Iraq. The report identifies six core reform areas: Establishing a reliable taxpayer base; Improving core functions through implementation of the SA system; Focusing on large taxpayers' compliance; Organizational design and workforce planning; […]
By John Lee. Iraqi Finance Minister Taif Sami met with World Bank Executive Director for Iraq, Abdulaziz Al Mulla, to discuss the World Bank's support for Iraq, including financial aid, technical support, and capacity building. Al Mulla emphasized the bank's commitment to supporting member countries and that Iraq would benefit from the World Bank's programs […]
By John Lee. Iraqi Finance Minister Taif Sami, along with her accompanying delegation, participated in the annual Spring Meetings of the World Bank Group and the International Monetary Fund (IMF), held from April 15 to 20, 2024, in Washington, D.C. The meetings addressed global economic challenges, economic development, financial stability, and related issues through general […]
By John Lee. Prime Minister Mohammed Shia al-Sudani received Mr. Jamie Dimon, the CEO of JPMorgan Chase, and his accompanying delegation on Wednesday, during his visit to the Washington DC. During the meeting, they discussed the government's efforts in implementing financial and banking reforms, aiming to revitalize the economic situation and achieve development. They also […]
By John Lee. An International Monetary Fund (IMF) mission met with the Iraqi authorities in Amman during February 20-29 to conduct the 2024 Article IV consultation. Some key data from their report: Economic Growth: Non-oil GDP growth: 6% in 2023. Overall growth projected to rebound in 2024. Inflation: Declined from 7.5% in January 2023 to […]
By John Lee. An Iraqi delegation, led by Finance Minister Taif Sami Mohammed, held discussions with IMF experts during the fourth Article IV consultations, held in Amman, Jordan, from February 27 to 29. Discussions centered on Iraq's reform program, focusing on fiscal and banking policies, digital infrastructure, financial inclusion, public debt issues, and measures to […]
By John Lee. A team from the International Monetary Fund (IMF) has concluded a visit with Iraqi officials, concluding: Economic activity is recovering, although oil production cuts are weighing on overall growth, and at the same time inflation has declined. The large fiscal expansion in the three-year budget law poses significant risks to fiscal and […]
By John Lee. The International Monetary Fund (IMF) has forecast growth in Iraq's real non-oil GDP 3.7 percent in 2023. Following a recent visit to Iraq, the IMF team also predicts inflation of 5.6 percent in for the year. Full statement from IMF: A staff team of the International Monetary Fund (IMF) led by Tokhir […]
Prime Minister Mr. Mohammed S. Al-Sudani, met on Thursday with the International Monetary Fund (IMF) Resident Representative, Mr. Gazi Shbaikat. During the meeting, they discussed Iraq's relationship with the IMF and the cooperation in supporting financial policies and plans to achieve stability in the Iraqi economy. They highlighted the importance of the financial and administrative […]
