Syrian Arab Republic: 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
October 3, 2005
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The Syrian Arab Republic’s 2005 Article IV Consultation reports that progress had been made on structural reforms, including a simplification of the exchange rate system, and the adoption of a new income tax law. Rising international oil prices starting in mid-1999 helped maintain financial stability in the face of declining oil production. Government policies and IMF advice since the early 2000s have focused primarily on structural reforms to boost growth and also on strengthening the medium-term budgetary outlook, given the prospective decline in oil revenues.
Subject: 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
Pages:
66
Volume:
2005
DOI:
Issue:
356
Series:
Country Report No. 2005/356
Stock No:
1SYREA2005002
ISBN:
9781451836288
ISSN:
1934-7685
