IMF Update “International Monetary Fund: Iraq has succeeded in maintaining its internal stability despite regional tensions. The inflation rate in Iraq has remained low. There is a need to implement fundamental reforms to increase non-oil revenues. We commend the success of the Central Bank of Iraq in fully transitioning to the new trade finance system. The Central Bank of Iraq has begun studying reform options to strengthen the private banking sector. Progress has been made in implementing the national strategy to combat corruption and improving the Corruption Perceptions Index.”
