Islamic Republic of Iran: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Islamic Republic of Iran

International Monetary Fund

No 2008/284, IMF Staff Country Reports from International Monetary Fund

Abstract: The Islamic Republic of Iran’s 2008 Article IV Consultation underlies that the economy is showing signs of overheating owing to high oil prices and a significant policy stimulus. IMF policy advice has focused on measures to reduce inflation and structural reforms aimed at stimulating growth and employment creation. Consistent with IMF recommendations, in 2007/08, the authorities reduced the non-oil fiscal deficit, contained energy subsidies, improved revenue administration, and intensified their efforts to bring banking supervision closer to international standards.

Keywords: ISCR; CR; government; exchange rate; break; exchange regime; government-mandated reduction; IMF staff estimate; banking supervision legislation; implementing regulation; Inflation; Oil prices; Fiscal stance; Exchange rate arrangements; Middle East and Central Asia; Global (search for similar items in EconPapers)
Pages: 53
Date: 2008-08-14
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