Syrian Arab Republic: 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, October 3, 2005
Source details
- Canonical URL
- Syrian Arab Republic: 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
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Bibliographic details
- Published: October 3, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451836288.002
Key findings and context
- Progress made on structural reforms, including a simplification of the exchange rate system.
- Adoption of a new income tax law.
- Rising international oil prices starting in mid-1999 helped maintain financial stability despite declining oil production.
- Government policies and IMF advice since the early 2000s have focused primarily on:
- structural reforms to boost growth, and
- strengthening the medium-term budgetary outlook, given the prospective decline in oil revenues.
Areas of policy focus (as identified in the report)
- Exchange rates and foreign exchange regime:
- simplification of the exchange rate system.
- Tax policy and public finances:
- adoption of a new income tax law.
- emphasis on strengthening the medium-term budgetary outlook in light of declining oil revenues.
- Structural reforms to stimulate growth:
- broad program of reforms advised by IMF staff and pursued by government since the early 2000s.
- Financial stability drivers:
- rising international oil prices from mid-1999 offsetting effects of declining oil production.
Subjects and keywords covered
- Banking; Budget planning and preparation; Credit; Economic sectors; Exchange rates; Foreign exchange; Money; Public debt; Public enterprises; Public financial management (PFM)
- Keywords: Africa, Asia and Pacific, budget deficit, Budget planning and preparation, central bank, CR, Credit, current account convertibility, Europe, Exchange rates, extraction rate, foreign exchange regime, government, government employment, government securities market, ISCR, money stock, Public enterprises, rate, reform agenda, subsidy system
Publication and metadata (preserved exactly)
- Pages: 66
- Volume: 2005
- DOI: https://doi.org/10.5089/9781451836288.002
- Issue: 356
- Series: Country Report No. 2005/356
- Stock No: 1SYREA2005002
- ISBN: 9781451836288
- ISSN: 1934-7685
- Publication date on landing page: October 3, 2005
International Monetary Fund. "Syrian Arab Republic: 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion", IMF Staff Country Reports 2005, 356 (2005).