International Monetary Fund. External Relations Dept.
INTERNATIONAL MONETARY FUND
To help Iraq stabilize its economy and restructure its massive debt, the IMF in late September approved $436.3 million in Emergency Post-Conflict Assistance. This financing lends support to prudent monetary and fiscal policies and is designed to bolster institutional capacity and potentially lay the basis for a more ambitious economic program later next year. Two senior staff in the IMF’s Middle East and Central Asia Department—Lorenzo Perez, Senior Advisor, and Adam Bennett, Division Chief—talk with Sheila Meehan of the IMF Survey about Iraq’s economic prospects and the IMF’s recently released staff report.