IMF: Iraq Has Maintained Stability And Inflation Is Low

2 months ago 5
ARTICLE AD BOX

 IMF: Iraq Has Maintained Stability And Inflation Is Low

 
July 19, 2025 Baghdad/Iraq Observer  The International Monetary Fund confirmed on Saturday that
Iraq has succeeded in maintaining its internal stability despite regional tensions, while noting that the  
inflation rate in Iraq has remained low.
 
The IMF stated in a report reviewed by Iraq Observer that “Iraq has succeeded in maintaining its internal stability despite  regional tensions and unstable global conditions,” noting that “the inflation rate has remained low in Iraq,” stressing “the need to   implement fundamental reforms to increase non-oil revenues and  control the public wage bill,” indicating that “current and investment spending plans for 2025 should be reviewed.” He stressed that
 
"it is necessary and urgent to reform the public pension system by  raising the retirement age and  reducing the accumulation and replacement rates," praising "the 

Central Bank of Iraq's  success in fully transitioning to the new trade finance system and its  contribution to narrowing the gap between the official and parallel exchange rates." 

The Fund stated that  "the Central Bank of Iraq has begun studying reform options to strengthen the private banking sector," stressing, "We encourage Iraq to accelerate its efforts to improve the issuance and collection of electricity bills." 

He explained that "progress has been made in  implementing the National Anti-Corruption strategy and   improving the Corruption Perceptions Index," adding that "it is essential to focus on  bridging the most pressing statistical gaps and  integrating pilot initiatives."    https://observeriraq.net/صندوق-النقد-العراق-حافظ-على-استقراره-و/  


Read Entire Article