** Road disorder needs proper implementation of law ** Global food supply risks rise as key traders leave Russia ** 56 hurt in clashes among AL, BNP and cops in Natore, Khulna, Rajshahi ** Bangladesh serves as a model for rest of world: US Asst Secy Noyes ** People crowd the shop of a Trading Corporation of Bangladesh dealer for essential commodities at subsidised prices in Dhaka's Lalbagh on Saturday amid high prices of daily necessities in the market. Agency photo ** Rohingya national shot dead in Cox's Bazar ** BFUJ, DUJ express concern over misuse of DSA ** Dhaka seeks greater Dutch support for Rohingya repatriation ** I told DB everything I know about Arav Khan: Hero Alom ** Three Juba Dal leaders expelled for attack on journalists ** Several arrested from Paltan after chase, counter-chase ** UN Human Rights chief urges immediate suspension of DSA ** Trump indicted, first US president to face criminal charges ** A road beside Humayun Shaheb Railgate, Golapbagh, in the capital damaged due to ongoing rail line installation work and waterlogging by rainfall in the area causing sufferings to the pedestrians, commuters as well as the drivers. This photo was taken on Friday. ** Body of Chinese engineer recovered from sea ** Journalist Shams taken to Kashimpur jail ** IMF needs billions from rich nations to help poorest countries ** US expresses deep concern over use of DSA in Bangladesh ** HRW: Halt Rohingya repatriation plan ** Activists of left leaning students bodies stages a rally at Dhaka University premises in the capital on Thursday protesting the arrest of Prothom Alo journalist Samsuzzaman Shams. NN photo ** Repeal of Digital Security Act demanded ** Prothom Alo journalist Shams denied bail, sent to jail ** Japan to provide $1.27b to Bangladesh for three key projects ** HC verdict on Zahangir's GCC mayoral post deferred ** Private firm to supply gas from Bhola to industries in Dhaka **

Iran economy stabilizing to soar if deal reached: IMF

13 April 2014

AFP, Washington :
Iran's economy is stabilizing and will post substantially stronger growth if the Islamic republic reaches a comprehensive deal with world powers on its nuclear program, the IMF said Friday.
The International Monetary Fund estimates that Iran's economy shrank by 1.7 percent in 2013, the second straight year of contraction after the United States and its allies imposed sweeping sanctions.
But the IMF projects that Iran's economy will rebound by 1.5 percent in the current year-even if sanctions relief under a temporary deal proves short- lived-as Tehran undertakes reforms.
Masood Ahmed, director of the IMF's Middle East and Central Asia department, said that Iran's economic woes were "beginning to level off" but that much depends on whether the country reaches a comprehensive nuclear deal.
"We do think that if there is a permanent improvement in that international environment... this should have an impact in terms of generating growth rates in the medium term that are substantially higher," Ahmed told reporters at the IMF/World Bank spring meetings in Washington.
Ahmed said that Iran has been benefitting from foreign exchange market reforms and a dramatic calming of once-soaring inflation. But he said that Iran needed further structural reforms and to tighten monetary policy.
Iran's new reform-minded government under President Hassan Rouhani in November reached a deal with six world powers to freeze its nuclear program, which some Western officials and Israel charge is aimed at building nuclear weapons.
The United States and European powers in return offered temporary relaxation of sanctions. But President Barack Obama has said that the sanctions would resume if talks on a comprehensive agreement fail.

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