Islamic Republic of Iran: Staff Report for the 2003 Article IV Consultation

September 5, 2003

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Islamic Republic of Iran: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed November 22, 2024

Summary

Domestic demand continued to grow at rapid rates, despite corrective fiscal and monetary policy measures. Although trade and financial sector reforms advanced and foreign direct investment (FDI) regulations were liberalized, there was less progress in improving the business environment, reducing labor market rigidities, and restructuring and privatizing public enterprises. IMF staff stressed the need for further advances in trade liberalization, improved fiscal management, financial system restructuring, labor market reform, privatization, and elimination of subsidies. The managed float exchange regime remains appropriate for Iran.

Subject: Balance of payments, Banking, Current account balance, External debt, Foreign exchange, Inflation, Oil prices, Prices

Keywords: Central bank, Corrective fiscal policy, CR, Current account balance, Fiscal policy, GDP, Increase in capital expenditure, Inflation, ISCR, Monetary policy, Monetary policy side, Oil prices, Participation paper, Policy response

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/279
Stock No:

1IRNEA0012003
ISBN:

9781451818949
ISSN:

1934-7685

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