Abstract
IMF Country Report No. 23/76
Copyright Page
IMF Country Report No. 23/76
IRAQ
SELECTED ISSUES
February 2023
This Selected Issues paper on Iraq was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on January 9, 2023.
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© 2023 International Monetary Fund
Title page
IRAQ
SELECTED ISSUES
January 9, 2023
Approved By
Middle East and Central Asia Department
Prepared By Ali Abbas and Moheb Malak (MCD) and Gee Hee Hong (FAD)
Contents
STRENGTHENING SUSTAINABILITY OF THE PUBLIC PENSION SYSTEM IN IRAQ
A. Background
B. Fiscal Implications of Budget-Financed Pension Schemes
C. Financial Sustainability of the Contributory Pension System for Public Sector Workers
D. Contours of a Possible Pension Reform
BOX
1. Pension vs. Wage Income – Illustrative Example
TABLE
1. Proposed Reform of Key Parameters of the Contributory Public Pension System
THE FISCAL COST OF IRAQ'S ELECTRICITY SECTOR AND POTENTIAL GAINS FROM REFORM
A. Background
B. Recent Trends in the Electricity Sector
C. The Cost of the Electricity Sector
D. Strategies for Reform and Policy Recommendations
TABLE
1. Electricity Sector Financial Balance
REFERENCES