IMF Chief Hails Reforms In Iranian Economy

Washington, April 22, IRNA – International Monetary Fund (IMF) chief Christine Lagarde hailed reforms in Iranian economy and removal of the subsidies. During her speech in the joint meeting of the World Bank and the IMF, Lagarde referred to Iran’s measures to reform its economy and removal of the subsidies in the past two years as exceptional. She called on other world countries to follow the role model of Iran in carrying out reforms. Referring to the economic crisis now engulfing the world, the IMF chief said she believes that reform in the existing economic structures is a solution to the problem citing Iranian government's economic reform titled 'The Law of Targeted Subsidies'. Iran’s Minister of Commerce and Finance Shamseddin Hosseini is taking part in the joint meeting which is held here with participation of representatives from 187 countries./end