The third development program was implemented in the years 2000-2004. This program consists of three spheres: sectional, ultra sectional and implementation and supervision (including 26 chapters). The third development program was prepared by a reformist government by drawing upon experiences resulting from the first and second development programs. The most important goals of the 3rd development program are: reforms in bureaucracy and management, employment growth, reforms in taxes, privatization and high economic growth. The most important successes of the third development program are: creation of foreign currency reserves account, foreign investment growth, reform in currency system, reform and liberalization in financial markets, reform in budgeting system, favorable economic growth rate, paying attention aftertion to science, technology and IT and reform in bureaucracy and management. The most important failures of third development program are: increase in imports; slow increase in non-oil exports; increase in liquidity; high dependence of budget on oil revenue; slow and incomplete privatization; lack of targeted subsidies; non-reciept of taxes and low employment growth.
)