IPRC’s joint meeting with representatives of IMF to discuss Iran’s Economy

Visiting representatives of International Monetary Fund (IMF) held talks with the economic experts of the Islamic Parliament Research Center (IPRC) here on Sunday (Jan. 25, 2015).

Held at the initiative of Deputy Chief of Islamic Parliament Research Center (IPRC) for Economic Researches, Dr. M. Qassemi, the meeting was attended by three IMF representatives and a number of IPRC’s economic experts.
IMF members of delegation  included  Martin Cerisola, Robert Blotevogel and Oliver Basdevant.
Referring to macroeconomic studies, modeling and budgeting researches conducted by the IPRC, Qassemi stated “Just like other oil producing countries, we were faced with an issue in our economy requiring the budget plan to specify such variables as oil price, volume of oil export and currency exchange rate which are not considered as financial variables.”
He added “Studies show that designation of such variables as oil price, volume of oil export and currency exchange rate has made Iran’s fiscal policy procyclical”.
Elaborating economic situation, Dr. Qassemi continued “In our economy we have a short term plan which will be dealt with in the 2015 Budget bill together with a medium term plan which is to be taken care of in the 6th Development Plan”.
Noting that 2015 Budget can serve as a prelude to the drastic change in the national financial management, he underlined “We live in an era that the likelihood for an economic structural reform is ripe ever than before “.
Director of Modeling Team of IPRC’s Economic Office, Hadi M.Nik also touched on the macro-economic studies conducted by his office and said “During the past 2 years we have focused on general equilibrium modeling to assess the policy impacts.”
He added “We have also used models based on Social Auditing matrices in order to be able to examine such economic policies as impacts of subsidies reform plan.”
Director of the IPRC’s General Division, Dr. Reza Zamani touched on Iran’s economic potential and said “A portion of our non-oil economic capacities left unused. Our economy usually put into operation this inactive and unused portion with decline of oil prices.
He stressed “IPRC seeks to activate the unused and inactive economic capacities in the 2015 budget bill.”
He touched on “strong capacity of tax administration as a reliable substitute for decline in oil revenues, adding that gradual use of tax capacities can compensate drop in oil revenues”.
In conclusion, IMF’s representatives expressed their views and comments on Iran’s economic condition.

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6th Development Plan, Budget, Budgeting, Economic Policies, Economy, Hot News, IMF, International Monetary Fund, IPRC, Iran, Joint Meeting, Modling Team, Non-oil Economic Capacities, Oil Producing Countries, Oil Revenues, Representatives, Subsidies Reform Plan, Variables