Islamic Republic of Iran: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Islamic Republic of Iran

August 14, 2008

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Islamic Republic of Iran: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Islamic Republic of Iran, (USA: International Monetary Fund, 2008) accessed November 23, 2024

Summary

The Islamic Republic of Iran’s 2008 Article IV Consultation underlies that the economy is showing signs of overheating owing to high oil prices and a significant policy stimulus. IMF policy advice has focused on measures to reduce inflation and structural reforms aimed at stimulating growth and employment creation. Consistent with IMF recommendations, in 2007/08, the authorities reduced the non-oil fiscal deficit, contained energy subsidies, improved revenue administration, and intensified their efforts to bring banking supervision closer to international standards.

Subject: Banking, Exchange rate arrangements, Fiscal policy, Fiscal stance, Foreign exchange, Inflation, Oil prices, Prices

Keywords: Banking supervision legislation, Break, CR, Exchange rate, Exchange rate arrangements, Exchange regime, Fiscal stance, Global, Government, Government-mandated reduction, IMF staff estimate, Implementing regulation, Inflation, ISCR, Middle East and Central Asia, Oil prices

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/284
Stock No:

1IRNEA2008001
ISBN:

9781451819052
ISSN:

1934-7685

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