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
IMF Staff Country Reports, March 23, 2010
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- 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
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Bibliographic details
- Published: March 23, 2010
- Series: IMF Staff Country Reports
Major findings
- Real GDP growth has slowed following the decline in oil prices.
- The non-oil fiscal position has become tighter.
- 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.
Policy recommendations and analysis
- A reduction of energy subsidies is needed to improve economic efficiency.
- A significant increase of non-oil revenue is needed to achieve a more sustainable medium-term fiscal position.
- Energy price reform is presented as a key structural measure with significant medium- and long-term benefits for macroeconomic stability and efficiency.
Subject tags and keywords (as provided)
- 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