Iran needs financial sector reform – IMF staff
Central bank should have greater independence and supervisory powers, urge IMF staff
Iran needs to urgently reform its financial sector, with the central bank playing a central role, says a staff report published by the International Monetary Fund.
The Iran economy expanded in 2017 and 2016 after some international sanctions were lifted. The IMF team projects GDP growth of 4.2% for 2017/18.
“Growth has begun to broaden to the non-oil sector,” says the report.The IMF staff predict that the expansion will continue into 2018, and is already reaching the non-oil sector of the
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