Subsidies and Sanctions: Iran gets high marks in IMF review
Al Arabiya / Mary E. Stonaker
04-Jul-2011

The International Monetary Fund (IMF) commended Iran’s initial efforts in a statement released last week, citing lowered average inflation rates and a “broad reorientation of the economy towards less energy-intensive products and services, and product technologies.” The evolution from a developing to a developed country, in economic terms, hinges on that move towards less energy-intensive industries.

 

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