Iran Gov’t Wants to Divest Stakes Worth $7 Billion to Repay Debts

The government will divest its stakes worth 2,100 trillion rials ($7 billion) in several companies to repay its debt to public organizations by March 2023 when the calendar year ends, head of the Iranian Privatization Organization (IPO) said. 
According to Hossein Qorbanzadeh, the Social Security Organization (SC) is the main creditor and the government intends to pay900 trillion rials ($3 billion) to the insurer, Fars News Agency reported. 
SSO is the biggest insurance company in Iran that offers insurance services to non-state workers, retirees   and the self-employed.
Government arrears to the SSO have leaped over the years due to its inability to pay its share of insurance premium plus other financial obligations under the law.