Syrian Arab Republic: 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2007/288, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2007 Article IV Consultation highlights that over the past three years, Syria has recovered from a half decade of weak growth, notwithstanding an unsettled regional environment and a sharp drop in oil production. The economic recovery has gained momentum, benefiting from inflows from Iraqi refugees and abundant liquidity in the Gulf region. Private investment has strengthened owing to an improved business climate, and exports have made strong gains, particularly in some Arab markets. The near-term outlook for growth and inflation is favorable.

Keywords: ISCR; CR; exchange rate; current account; current account convertibility; Syria; central bank; investment regime; reform agenda; Exchange rates; Fiscal consolidation; Balance of payments statistics; Commercial banks; Government finance statistics; Global; Middle East (search for similar items in EconPapers)
Pages: 60
Date: 2007-08-15
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