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
Volume/Issue:
Volume 2008
Issue 284
Publication date: August 2008
ISBN: 9781451819052
$20.00
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Topics covered in this book
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Banks and Banking , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Business and Economics - Statistics , 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
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Summary
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.
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