Islamic Republic of Iran: Recent Economic Developments

International Monetary Fund

No 2000/120, IMF Staff Country Reports from International Monetary Fund

Abstract: The Islamic Republic of Iran inherited a highly centralized economy. The state-owned enterprises had monopolies over large sectors of the economy, including the financial system. This was compounded by Iran's excessive dependence on the volatile oil exports. Iran's five-year development plan aims at accelerating growth to create sufficient employment opportunities for a rapidly expanding labor force. De-monopolizing the economy, liberalizing trade, promoting private investment, strengthening the financial system, and improving the fiscal and monetary policy settings is required.

Keywords: ISCR; CR; broad money; private sector; exchange rate; current account; short-term debt; excess reserves; market price; long-term debt; TSE rate; capital goods; export rate; inflation rate; factor cost; TSE market; Exports; Imports; Oil exports; Global; East Asia; South Asia (search for similar items in EconPapers)
Pages: 149
Date: 2000-09-29
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