Tuesday, August 16, 2005

The IMF point out that Iraq's an economic basket-case. And then dole out the usual, off-the-peg advice :

Separately, the IMF said the restructuring of state banks and other state-owned businesses - with a view to "reducing the role of the state" - was essential for Iraq to create the conditions for sustainable growth.

"Further steps to strengthen financial management in the public sector, diversify revenues and the economy more generally, and enhance governance will also be important," the IMF said.

The organisation stressed the need for Iraq to reach fresh agreement with creditors on rescheduling its debt.

BBC NEWS | Business | IMF warning over Iraq's recovery

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