VOL. XLV

No 33

19-August-2002

IRAN

IMF Mission Commends Irans Economic Performance But WarnsOf Challenges Ahead

The overall economic situation in Iran wasfavorable in 2001-02 and is likely to remain so in 2002-03, with high rates ofgrowth, low external debt and high foreign exchange reserves, the IMF missionsaid after completing Article IV consultations with Iran over theperiod 26 June-11 July. Nevertheless the IMF warns of serious challenges in anumber of sectors and the need to embark on the...