A review of Iran's economy will be carried out early next year, the International Monetary Fund said Monday, which will be the first such exercise in two years.
"The forthcoming Article IV Consultation mission early next year will provide an opportunity to deepen the discussions on the policy and reform priorities of the authorities," the IMF Mission to Iran said in a statement after concluding a visit to review economic developments.
The IMF mission visited Tehran from October 29 to November 7 to hold talks with the new authorities on economic policies and reforms. The participants included officials from the central bank and government, financial institutions and the business community.
The talks were focused on "the need for Iran to tackle high inflation and restore economic growth, as well as on the need for Iran to begin addressing long-standing policy and structural challenges in the economy", the IMF said.
These challenges include the monetary and fiscal policy frameworks, the implementation of the subsidy reform, and the reforms in the banking and corporate sectors to revive growth, the lender added.
"The authorities' understanding of the challenges and the high expectations of several sectors in the economy provide a timely opportunity for advancing such reforms, notwithstanding the difficult external environment," the IMF concluded.
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