While there is scope to improve IMF operations in all fragile states, ahead of the forthcoming publication of the IMF IEO review of IMF work in fragile states, there is one fundamental change it must make to transform its effectiveness in fragile states: wherever it is possible, it must be present. No country should be left out.
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Iraq
Environment
News
Mortgaging Iraq’s oil wealth
As a "key ingredient" of IMF lending and debt relief, Iraq's government has just presented a new draft petroleum law to its cabinet that could permit up to two-thirds of Iraq's known reserves to be exploited by multinational oil companies under contracts lasting for 20 years.
Rights
News
Bank and Fund in-roads into Iraq
The Bank approves the first development loan to Iraq at the same time as the IMF signs a stand-by agreement, leading to a dramatic increase in fuel prices.
Rights
News
Iraq - Bank and Fund in no man’s land
The Spring Meetings of the Bank and Fund in mid-April saw sparring between US and European ministers over when and how the institutions might get involved in Iraqi reconstruction. Discussions there and subsequently have focussed on assessments of the economic and development situation, oversight of oil revenues, debt relief and reconstruction finance.
Other news
IFI governance
Background
After SCOTUS: Next steps in sovereign debt restructuring
Notes of a meeting on sovereign debt restructuring after SCOTUS at the World Bank-IMF annual meetings 2014
Environment
Background
Iraq: staffer shot, oil deal continues
In February Iraq's cabinet approved the IMF supported draft oil law
Rights
Background
Reform agenda in the post-war reconstruction of Iraq
Highlights of seminar: the reform agenda in the post-war reconstruction of Iraq
Rights
News
Bank and Fund figure out Iraq lending
Recent weeks have further clarified how the World Bank and the IMF are planning to…
Rights
News
Bank and IMF role in Iraq taking shape
The World Bank is to play a role in drawing up the national budget for Iraq and possibly in managing a reconstruction trust fund.
