Islamic Republic of Iran: 2009 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Iran

March 23, 2010

Preview Citation

Format: Chicago

Islamic Republic of Iran: 2009 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Iran, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

The Islamic Republic of Iran’s 2009 Article IV Consultation highlights that real GDP growth has slowed following the decline in oil prices, the non-oil fiscal position has become tighter, and banks’ financial situation has weakened. The recent approval of an ambitious energy price reform by Parliament could bring significant medium- and long-term benefits by increasing economic efficiency, and would help improve the macroeconomic outlook. A reduction of energy subsidies and a significant increase of non-oil revenue are needed to improve economic efficiency and achieve a more sustainable medium-term fiscal position.

Subject: Energy prices, Expenditure, Fiscal policy, Fiscal stance, Inflation, Oil prices, Prices

Keywords: Bank intermediation, Consultation, Consultation informational annex, CR, Employment creation, Energy price reform, Energy prices, Expansionary fiscal policy, Fiscal policy, Fiscal stance, Global, Inflation, ISCR, Oil prices, Tighter fiscal policy

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/074
Stock No:

1IRNEA2010001
ISBN:

9781451981797
ISSN:

1934-7685

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