Publications

With soaring inflation, chronic unemployment and rampant poverty, Iran is nobody’s picture of economic health. So when the International Monetary Fund (IMF) issued its latest working paper on Iran last month, the rosy assessment contained therein raised more than a few eyebrows.

That study, “Iran - The Chronicles of the Subsidy Reform,” heaped praise on the regime in Tehran for launching a raft of much-needed rollbacks of costly subsidies on everything from energy to foodstuffs. This effort, the report says approvingly, “has created a unique opportunity for Iran to reform its economy and accelerate economic growth and development.”

That rosy view has gained quite a bit of resonance of late. In June, no less prominent a publication than the Economist - using the IMF’s preliminary conclusions as a point of departure - lauded the “exemplary” steps Iran has taken in commencing structural reforms to its economic sector. All of this, of course, must be music to the ears of Iran’s ayatollahs, who in recent months have redoubled their efforts to convince the world that the country is thriving despite the West’s best efforts to ratchet up the costs associated with its nuclear program.

But there’s good reason to think the opposite.