This web page presents information about the work of the IMF in Iraq, including the activities of the IMF Resident Representative Office. Additional information can be found on the Iraq and IMF, including IMF reports and Executive Board documents that deal with Iraq.
Iraq and the IMF
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Iraq: Concluding Statement of the 2025 IMF Article IV Mission
May 15, 2025
An International Monetary Fund (IMF) mission, led by Mr. Jean-Guillaume Poulain, met with the Iraqi authorities in Amman and Baghdad during May 4–13 to conduct the 2025 Article IV consultation. The following statement was issued at the end of the mission:
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May 16, 2024
Series:Country Report No. 2024/129
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May 16, 2024
Series:Country Report No. 2024/128
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IMF Executive Board Concludes 2024 Article IV Consultation with Iraq
May 15, 2024
Domestic stability has improved since the new government took office in October 2022, facilitating the passage of Iraq’s first three-year budget, which entailed a large fiscal expansion starting in 2023. This supported the strong recovery in Iraq’s non-oil economy after a contraction in 2022, while Iraq was largely unaffected by the ongoing conflict in the region. Domestic inflation declined to 4 percent by end-2023, reflecting lower international food prices, the currency revaluation as of February 2023, and the normalization in trade finance. However, imbalances have worsened due to the large fiscal expansion and lower oil prices.
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Towards an Inclusive, Equitable and Sustainable National Pension System in Iraq
April 30, 2024
Series:Analytical Notes No 2024/001
Office Activities
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Resident Representative Visit to Baghdad
IMF Resident Representative Gazi Shbaikat concludes a visit to Baghdad where he held several high-level and technical meetings on key economic developments and enhance cooperation with the authorities including the Prime Minister, Governor of the Central Bank, and Minister of Finance among other key ministries and departments. Gazi Shbaikat also met with UN agencies, the World Bank, and IECG ambassadors, where he delivered an economic debrief and stressed the need for enhancing coordination among partners in key support and technical assistance areas.
March 30, 2023
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Inflation and Conflict in Iraq: The Economics of Shortages Revisited
Containing inflation has turned out to be one of the most challenging aspects of economic management in Iraq. This paper posits that conventional as well as unconventional factors explain inflation dynamics in the recent past.
July 2, 2010
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Technical Assistance Evaluation Program
Findings of Evaluations and Updated Program - Evaluation of the Technical Assistance Subaccount for Iraq
April 4, 2008
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IMF Sees Global Imbalances Narrowing, but More to Be Done
Global Imbalances, Africa's Improved Debt Outlook, Nigerian Reform, Burkina Faso's Cotton Crisis, Ghana and Inflation Targeting, Iraq's Progress, Egypt's Reforms Spur Growth, Asian Trade, Baltics' High Growth Rate, News Briefs
March 31, 2008
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Resident Representative Visit to Baghdad
IMF Resident Representative Gazi Shbaikat concludes a visit to Baghdad where he held several high-level and technical meetings on key economic developments and enhance cooperation with the authorities including the Prime Minister, Governor of the Central Bank, and Minister of Finance among other key ministries and departments. Gazi Shbaikat also met with UN agencies, the World Bank, and IECG ambassadors, where he delivered an economic debrief and stressed the need for enhancing coordination among partners in key support and technical assistance areas.
March 30, 2023
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Inflation and Conflict in Iraq: The Economics of Shortages Revisited
Containing inflation has turned out to be one of the most challenging aspects of economic management in Iraq. This paper posits that conventional as well as unconventional factors explain inflation dynamics in the recent past.
July 2, 2010
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Technical Assistance Evaluation Program
Findings of Evaluations and Updated Program - Evaluation of the Technical Assistance Subaccount for Iraq
April 4, 2008
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IMF Sees Global Imbalances Narrowing, but More to Be Done
Global Imbalances, Africa's Improved Debt Outlook, Nigerian Reform, Burkina Faso's Cotton Crisis, Ghana and Inflation Targeting, Iraq's Progress, Egypt's Reforms Spur Growth, Asian Trade, Baltics' High Growth Rate, News Briefs
March 31, 2008
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Resident Representative Visit to Baghdad
IMF Resident Representative Gazi Shbaikat concludes a visit to Baghdad where he held several high-level and technical meetings on key economic developments and enhance cooperation with the authorities including the Prime Minister, Governor of the Central Bank, and Minister of Finance among other key ministries and departments. Gazi Shbaikat also met with UN agencies, the World Bank, and IECG ambassadors, where he delivered an economic debrief and stressed the need for enhancing coordination among partners in key support and technical assistance areas.
March 30, 2023
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Inflation and Conflict in Iraq: The Economics of Shortages Revisited
Containing inflation has turned out to be one of the most challenging aspects of economic management in Iraq. This paper posits that conventional as well as unconventional factors explain inflation dynamics in the recent past.
July 2, 2010
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Technical Assistance Evaluation Program
Findings of Evaluations and Updated Program - Evaluation of the Technical Assistance Subaccount for Iraq
April 4, 2008
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IMF Sees Global Imbalances Narrowing, but More to Be Done
Global Imbalances, Africa's Improved Debt Outlook, Nigerian Reform, Burkina Faso's Cotton Crisis, Ghana and Inflation Targeting, Iraq's Progress, Egypt's Reforms Spur Growth, Asian Trade, Baltics' High Growth Rate, News Briefs
March 31, 2008
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Resident Representative Visit to Baghdad
IMF Resident Representative Gazi Shbaikat concludes a visit to Baghdad where he held several high-level and technical meetings on key economic developments and enhance cooperation with the authorities including the Prime Minister, Governor of the Central Bank, and Minister of Finance among other key ministries and departments. Gazi Shbaikat also met with UN agencies, the World Bank, and IECG ambassadors, where he delivered an economic debrief and stressed the need for enhancing coordination among partners in key support and technical assistance areas.
March 30, 2023
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Inflation and Conflict in Iraq: The Economics of Shortages Revisited
Containing inflation has turned out to be one of the most challenging aspects of economic management in Iraq. This paper posits that conventional as well as unconventional factors explain inflation dynamics in the recent past.
July 2, 2010
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Technical Assistance Evaluation Program
Findings of Evaluations and Updated Program - Evaluation of the Technical Assistance Subaccount for Iraq
April 4, 2008
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IMF Sees Global Imbalances Narrowing, but More to Be Done
Global Imbalances, Africa's Improved Debt Outlook, Nigerian Reform, Burkina Faso's Cotton Crisis, Ghana and Inflation Targeting, Iraq's Progress, Egypt's Reforms Spur Growth, Asian Trade, Baltics' High Growth Rate, News Briefs
March 31, 2008
Regional Economic Outlook
May 1, 2025
Charting a Path through the Haze
Growth is projected to rise in the Middle East and North Africa in 2025 and 2026, but at a slower pace than anticipated in the October 2024 REO. Across the region, rising trade tensions and policy uncertainty are adding to the impact of conflicts and extended oil production cuts to weaken growth prospects. In the Caucasus and Central Asia, growth has been robust but is set to moderate to a more sustainable pace. Policymakers must adapt to the new environment, prioritizing macroeconomic stability and accelerating structural reforms to seize global opportunities.
Read the Report