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
March 23, 2010
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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.
Subject: Energy prices, Expenditure, Fiscal policy, Fiscal stance, Inflation, Oil prices, Prices
Keywords: bank intermediation, consultation, consultation informational annex, CR, employment creation, energy price reform, Energy prices, expansionary fiscal policy, fiscal policy, Fiscal stance, Global, Inflation, ISCR, Oil prices, tighter fiscal policy
Pages:
43
Volume:
2010
DOI:
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Issue:
074
Series:
Country Report No. 2010/074
Stock No:
1IRNEA2010001
ISBN:
9781451981797
ISSN:
1934-7685
