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Islamic Republic of Iran: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper on Iran focuses on the Targeted Subsidy Reform Law (TSRL). This is the basic law governing the implementation of the subsidy reform in Iran. The TSRL envisaged bringing subsidized prices close to international levels over a five-year period. The paper reviews the implementation of the first phase of the subsidy reform, with a particular emphasis on macroeconomic management. The sharp depreciation of the exchange rate and high inflation significantly undermined progress under the reform. High inflation partially reversed the relative price change under the reform.

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  • International Monetary Fund, 2014. "Islamic Republic of Iran: Selected Issues," IMF Staff Country Reports 2014/094, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2014/094
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=41464
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    References listed on IDEAS

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    2. Aizenman, Joshua & Glick, Reuven, 2008. "Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance," Santa Cruz Department of Economics, Working Paper Series qt1fj4b203, Department of Economics, UC Santa Cruz.
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    4. Allie Bagnall & Edwin M. Truman, 2013. "Progress on Sovereign Wealth Fund Transparency and Accountability: An Updated SWF Scoreboard," Policy Briefs PB13-19, Peterson Institute for International Economics.
    5. International Monetary Fund, 2008. "Islamic Republic of Iran: Selected Issues," IMF Staff Country Reports 2008/285, International Monetary Fund.
    6. Abdullah Alhassan & Mr. Michael G. Papaioannou & Martin Skancke & Cheng Chih Sung, 2013. "Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management," IMF Working Papers 2013/231, International Monetary Fund.
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    Cited by:

    1. Auktor, Georgeta Vidican & Loewe, Markus, 2021. "Subsidy reforms in the Middle East and North Africa: Strategic options and their consequences for the social contract," IDOS Discussion Papers 12/2021, German Institute of Development and Sustainability (IDOS).

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