IMF supports Iran's economic reforms

Tehran, May 19, IRNA - First Deputy of Managing Director of International Monetary Fund (IMF) David Lipton said that the Fund would continue its supports for Iran's economic reforms by conducting further policy dialogue with the country and providing specialized aid.

Lipton, was in Tehran on a three-day visit which ended on May 27, to discuss issues of mutual interest with the Iranian officials.

While in the Iranian capital, Lipton conferred with Chief of Staff of the Presidential Office Mohammad Nahavandian, Head of Management and Planning Organization Mohammad Baqer Nobakht, Petroleum Minister Bijan Zangeneh and Governor of Cental Bank of Iran Valliollah Seif, CBI Public Relations office reported on Thursday.

The IMF official said in a statement at the end of his visit that he held fruitful talks with the Iranian policymakers and representatives of various economic sectors.

He added that his visit to Tehran took palce at a sensitive juncture when the country's economy is rejoining global economy after implementation of the Joint Comprehensive Plan of Action (JCPOA).

He noted that with a proper economic outlook, Iran found an exceptional opportunity has emerged now for Tehran to achieve its economic stability and sustainable growth.

He also said that Iranian officials have made remarkable progress in establishing economic stability under difficult conditions in the past years. Rate of inflation (point to point) has declined from 45 percent in 2013 to eight percent and current market has gained stability and some key reforms have been carried out.

Implementation of JCPOA promises a desirable prospect. Further oil exports, Iranian banks reconnection to international financial system which has led to a decline in commercial and financial costs can help the country's economy achieve real economic growth of four to four and a half percent.

Increasing the rate of growth requires major reforms, he said, noting that monetary and financial policymaking to consolidate economic stability should be reinforced through further concentration on stability of prices and promoting domestic incomes and making arrangements in the construction sector.

He further noted that fulfillment of the Iranian economy's capacities for growth and promoting employment, especially for women and youth, requires removing many structural challenges.

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