Iran’s Subsidies Reform: A Year Later

By Jahangir Amuzegar

Dr Amuzegar is a distinguished economist and former member of the IMF Executive Board.

The Islamic Republic's ‘Targeting of Subsidies’ program has finished its first year of cautious and controversial operation. It is now approaching its second (and as yet uncertain) phase. In the meantime, public debates regarding its basic structure, its major accomplishments, and the wisdom of its continuity are the...