Islamic Republic of Iran: Recent Economic Developments

September 29, 2000

Summary

The Islamic Republic of Iran inherited a highly centralized economy. The state-owned enterprises had monopolies over large sectors of the economy, including the financial system. This was compounded by Iran's excessive dependence on the volatile oil exports. Iran's five-year development plan aims at accelerating growth to create sufficient employment opportunities for a rapidly expanding labor force. De-monopolizing the economy, liberalizing trade, promoting private investment, strengthening the financial system, and improving the fiscal and monetary policy settings is required.

Subject: Exports, External debt, Foreign exchange, Imports, International trade, Oil exports

Keywords: broad money, capital goods, CR, current account, East Asia, excess reserves, exchange rate, export rate, Exports, factor cost, Global, Imports, inflation rate, ISCR, long-term debt, market price, Oil exports, private sector, short-term debt, South Asia, TSE market, TSE rate

Pages:
149
Volume:
2000
DOI:
https://doi.org/10.5089/9781451818925.002
Issue:
120
Series:
Country Report No. 2000/120
Stock No:
1IRNEA0012000
ISBN:
9781451818925
ISSN:
1934-7685

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