Iran stands to benefit hugely from the landmark nuclear deal struck with the P5+1 group of world powers in July, as key sanctions on its critical financial and energy sectors are lifted, the IMF says in its latest Article IV consultation with the Islamic Republic, though structural reforms will be essential if the country is to take full advantage of the new, more favorable conditions.

The signing of this accord presents a “unique opportunity to build on, and broaden the achievements of the past two years,” Martin Cerisola, assistant director of the Middle East and Central Asia department at the IMF said in a statement on the conclusion of the assessment. (CONTINUED - 756 WORDS)