Iran has improved financial transparency, says IMF

12 December 2002

The Iranian government has made significant progress on increasing economic transparency since the enactment of its 2000-2004 economic plan, according to an IMF report published on 10 December. Particular advances have been made in opening up the budgeting process to scrutiny.

The IMF assesses how countries measure up to its code of good practices on fiscal transparency. Iranian moves singled out for approval include the elimination of implicit exchange rate subsidies; the inclusion in the budget of other implicit subsidies, such as price controls; and the adoption of modern budget classification standards. Further improvements were suggested, among them making financial and managerial relationships in the public sector more transparent, and enhancing the quantity, quality and availability of fiscal information.

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