Iraq: 2025 Article IV Consultation-Press Release; Staff Report; and Informational Annex

Iraq: 2025 Article IV Consultation-Press Release; Staff Report; and Informational Annex
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Volume/Issue: Volume 2025 Issue 183
Publication date:
ISBN: 9798229017145
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Public Finance , Oil prices , Anti-money laundering and combating the financing of terrorism (AML/CFT)

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Peru
Grenada
Republic of Congo : 2001 Article IV
Summary

Iraq has managed to uphold domestic stability despite regional turmoil. However, rapid expansion of spending and emerging financing constraints led to arrears accumulation in 2024. These challenges are now compounded by declining oil prices in a highly uncertain global environment, further aggravating fiscal and external sustainability risks. At the same time, the country is struggling with lingering structural economic challenges, including high unemployment, excessive state footprint, a weak banking sector, corruption, and an inefficient electricity sector.