Ahmadinejad’s economic savvy

Iran’s economic reforms
From the White House to London’s House of Commons and beyond…few Westerners have anything nice to say about Mahmoud Ahmadinejad.
But there’s one group that has glowing words of praise for Iran’s President – and it’s based not in Tehran, but in Washington.
The International Monetary Fund’s latest report paints a pretty picture of Iran’s economy.
It says growth has hit 3.2%, and will accelerate still further. Inflation has dropped from 25% to 12% in just two years.
And Tehran has managed to do what every major oil exporter can only dream of accomplishing: It’s slashed subsidies on gas to recoup 60 billion dollars in annual revenue. That one-sixth of Iran’s entire GDP.
Why is this happening? And how can it be despite years of economic sanctions?
What in the world is going on?
Some say the IMF’s numbers can’t be right. But we have no reason to doubt their work. The fund reasserted this week that its projections were independent of the government.
The real story here is that Iran has actually begun implementing some economic reforms. For decades now, Iranian leaders have tried to wean its people off cheap oil – oil that is subsidized by the government.
Cheap oil that has no connection to real market prices is not sustainable. Iran knows it, and so does every country from Saudi Arabia to Venezuela. But in the same way that any talk of tax increases here in America is considered heresy, people … >>>

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