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
August 14, 2008
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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.
Subject: Banking, Exchange rate arrangements, Fiscal policy, Fiscal stance, Foreign exchange, Inflation, Oil prices, Prices
Keywords: banking supervision legislation, break, CR, exchange rate, Exchange rate arrangements, exchange regime, Fiscal stance, Global, government, government-mandated reduction, IMF staff estimate, implementing regulation, Inflation, ISCR, Middle East and Central Asia, Oil prices
Pages:
53
Volume:
2008
DOI:
Issue:
284
Series:
Country Report No. 2008/284
Stock No:
1IRNEA2008001
ISBN:
9781451819052
ISSN:
1934-7685
