Middle East Economic Survey

VOL. LIII

No 22

31-May-2010

Irans New Subsidy Reform: A Shot In The Dark

By Jahangir Amuzegar

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

The hottest economic policy issue in the last two and a half years of the Islamic Republics history has been the reform of the much-criticized across the board public subsidies. The issue simmering since the early 1990s has recently come to a boil with the passage of a comprehensive subsidy...