Islamic Republic of Iran: 2009 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Iran

International Monetary Fund

No 2010/074, IMF Staff Country Reports from International Monetary Fund

Abstract: The Islamic Republic of Iran’s 2009 Article IV Consultation highlights that real GDP growth has slowed following the decline in oil prices, the non-oil fiscal position has become tighter, and banks’ financial situation has weakened. The recent approval of an ambitious energy price reform by Parliament could bring significant medium- and long-term benefits by increasing economic efficiency, and would help improve the macroeconomic outlook. A reduction of energy subsidies and a significant increase of non-oil revenue are needed to improve economic efficiency and achieve a more sustainable medium-term fiscal position.

Keywords: ISCR; CR; consultation; fiscal policy; consultation informational annex; tighter fiscal policy; energy price reform; expansionary fiscal policy; bank intermediation; employment creation; Oil prices; Energy prices; Inflation; Fiscal stance; Global (search for similar items in EconPapers)
Pages: 43
Date: 2010-03-23
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