IMF Staff Country Reports

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

Publication Date:

August 14, 2008

Electronic Access:

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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.

Series:

Country Report No. 2008/284

Subject:

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