Syrian Arab Republic: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Syrian Arab Republic

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 055

Publication date: February 2009

ISBN: 9781451836325

$18.00

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Topics covered in this book

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Banks and Banking , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , ISCR , CR , exchange rate , Treasury bill auction , deficit , Syria , economy , reform priority , economy's growth potential , liberalization program , Syrian pound , foreign exchange receipts , Oil , Government finance statistics , Credit , Balance of payments statistics , Global

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Summary

The staff report for the 2008 Article IV Consultation of the Syrian Arab Republic on economic developments and policies is discussed. The impact of adverse global and regional developments currently under way on the Syrian economy is expected to be relatively moderate in the short term. The effects are likely to be through weakening FDI, remittances, and demand for Syrian exports from the Gulf region. The positive outlook is contingent on perseverance in advancing fiscal and structural reforms and an improvement in global conditions over the medium term.