Iran needs financial sector reform – IMF staff

The Central Bank of Iran
The Central Bank of Iran
Ensie & Matthias/Flickr

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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