NO. 16


Financial and Banking News

Economic Perspectives

IMF Says Far Reaching Reform is Needed for Syrian Economy to Improve

The significant improvement in Syria's economic and financial position in1990 and 1991 was due mainly to temporary factors and will not be continued infuture years in the absence of fundamental policy reforms, according to aconfidential IMF report written after the Fund's latest annual consultationswith Syrian officials in July 1991. The balance of...