IMF - International Monetary Fund-IMF Executive Board Completes First Review of Iraq’s Stand-By Arrangement - Public Technologies
05-Dec-2016
02:08:41 PM

December 5, 2016

* IMF disburses about US$617.8 million following completion of first
review of Iraq's reform program
* The IMF-supported program includes measures to protect the poor,
enhance financial sector stability, and curb corruption
* Significantly improving public financial management will be important
The Executive Board of the International Monetary Fund (IMF) today completed
the first review of Iraq's three-year Stand-By Arrangement (SBA), which is
designed to support Iraq's economic reform program and restore fiscal balance
over the medium term. The Board also completed financing assurances review
under the SBA. The SDR 3.831 billion arrangement (about US$5.34 billion at the
time of approval) was approved in July, 2016 (See Press Release No. 16/321)
(https://www.imf.org/en/News/Articles...16321-Iraq-IMF...)