Islamic Republic of Iran: Staff Report for the 2004 Article IV Consultation

International Monetary Fund

No 2004/306, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2004 Article IV Consultation highlights that during the first four years of the Third Five-Year Development Plan (2000/01–2003/04), Iran’s real GDP grew by 5.6 percent on average. The external current account was in surplus, external debt was reduced to a very low level, international reserves increased, and the unemployment rate declined. Real GDP grew by 6.7 percent in 2003/04, with strong contribution from both the oil and non-oil sectors. The unemployment rate declined to 11.2 percent from 14.1 percent in 2000/01.

Keywords: ISCR; CR; market condition; higher-than-budgeted oil revenue; Iran's balance of payments adjustment; letter of credit; central bank Participation Papers; exchange system of the Islamic Republic of Iran; expansionary fiscal policy; Oil prices; Inflation; Multiple currency practices; Global (search for similar items in EconPapers)
Pages: 60
Date: 2004-09-27
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