Islamic Republic of Iran: Recent Economic Developments

Publication Date:

September 29, 2000

Electronic Access:

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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.

Series:

Country Report No. 2000/120

Subject:

English

Publication Date:

September 29, 2000

ISBN/ISSN:

9781451818925/1934-7685

Stock No:

1IRNEA0012000

Pages:

149

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