{
  "title": "Islamic Republic of Iran: Selected Issues",
  "publication": "IMF Staff Country Reports, April 4, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/islamic-republic-of-iran-selected-issues-41464",
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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.",
  "sections": [
    {
      "heading": "Core focus",
      "content": "- Examines the Targeted Subsidy Reform Law (TSRL), the basic law governing the implementation of the subsidy reform in Iran.\n- TSRL envisaged bringing subsidized prices close to international levels over a five-year period.\n- Reviews implementation of the first phase of the subsidy reform with particular emphasis on macroeconomic management."
    },
    {
      "heading": "Key findings",
      "content": "- The sharp depreciation of the exchange rate and high inflation significantly undermined progress under the reform.\n- High inflation partially reversed the relative price change under the reform."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Consumption, Currencies, Energy prices, Energy pricing, Inflation, Monetary policy, Monetary policy frameworks, Money, National accounts, Prices\n- Keywords: cash transfer, Consumption, CR, Currencies, Energy prices, founding document, Global, government, Inflation, Iran, ISCR, monetary policy, Monetary policy frameworks, NDFI resource, NDFI supervisor, output variability frontier, price, SWF assets\n\n---\n\n Content in this bundle\n\n- Islamic Republic of Iran: Selected Issues Paper; IMF Country Report No. 14/94; March 18, 2014\n  - Islamic Republic of Iran: Selected Issues Paper; IMF Country Report No. 14/94; March 18, 2014 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Islamic Republic of Iran: Selected Issues Paper; IMF Country Report No. 14/94; March 18, 2014 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 4, 2014",
    "Series: IMF Staff Country Reports",
    "Examines the Targeted Subsidy Reform Law (TSRL), the basic law governing the implementation of the subsidy reform in Iran.",
    "TSRL envisaged bringing subsidized prices close to international levels over a five-year period.",
    "Reviews implementation of the first phase of the subsidy reform with 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.",
    "Subjects: Consumption, Currencies, Energy prices, Energy pricing, Inflation, Monetary policy, Monetary policy frameworks, Money, National accounts, Prices",
    "Keywords: cash transfer, Consumption, CR, Currencies, Energy prices, founding document, Global, government, Inflation, Iran, ISCR, monetary policy, Monetary policy frameworks, NDFI resource, NDFI supervisor, output variability frontier, price, SWF assets",
    "**Islamic Republic of Iran: Selected Issues Paper; IMF Country Report No. 14/94; March 18, 2014**"
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