Iraq is facing a double shock arising from the ISIS attacks and the sharp drop in global oil prices. The conflict is hurting the non-oil economy through destruction of infrastructure and assets, disruptions in trade, and deterioration of investor confidence. The impact of the oil price decline---already felt in 2014---has fully unfolded in 2015, affecting the budget, the external sector, and medium-term growth potential. The authorities are responding to the crisis with a mix of fiscal adjustment and financing, maintaining their commitment to the exchange rate peg
Notes
"January 2016."
Bibliography
Includes bibliographical references
Notes
Online resource; title from pdf title page (IMF Web site, viewed February1, 2016)
