Islamic Republic of Iran: Selected Issues Paper

Publication Date: April 04, 2014
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Summary: This Selected Issues paper on Iran focuses on the Targeted Subsidy Reform Law (TSRL). This is the basic law governing the implementation of the subsidy reform in Iran. The TSRL envisaged bringing subsidized prices close to international levels over a five-year period. The paper reviews the implementation of the first phase of the subsidy reform, with a particular emphasis on macroeconomic management. The sharp depreciation of the exchange rate and high inflation significantly undermined progress under the reform. High inflation partially reversed the relative price change under the reform.
Series: Country Report No. 14/94
Subject(s): Fiscal policy | Subsidies | Fiscal reforms | Monetary policy | Inflation | Sovereign wealth funds | Selected issues | Iran

Publication Date: April 04, 2014
ISBN/ISSN: 9781475516159/1934-7685 Format: Paper
Stock No: 1IRNEA2014002 Pages: 49
US$18.00 (Academic Rate:
US$18.00 )
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