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

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 325

Publication date: October 2004

ISBN: 9781451819076

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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.

Exports and Imports , Economics- Macroeconomics , Public Finance , Industries - Energy , ISCR , CR , Iraq , economy , regime , Emergency Post-Conflict Assistance , fiscal policy , Iraq's economy , Emergency Post-Conflict Assistance to Iraq , continuing cooperation , reform agenda , economic program , deep appreciation , central bank , Oil , Oil exports , Emergency assistance , Middle East

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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.