Middle East Economic Survey

VOL. XLVIII

No 47

21-November-2005

IRAN

Irans Oil Stabilization Fund: A Misnomer

By Jahangir Amuzegar

The following article was written for MEES by Jahangir Amuzegar, a distinguished economist and former member of the IMF Executive Board.

In Irans presidential election last June, a factor that was deemed to have clinched the victory for Mahmoud Ahmadinejad was undoubtedly his seductive and crowd pleasing promise to put the oil manna on everyones sofreh (dinner table)....