SEO Diversifying Ways to Fund Municipalities 

The Securities and Exchange Organization (SEO) is diversifying methods of fund municipalities, the SEO chief said.
“Up until now, municipalities were funded largely by issuing participatory bonds, which was not enough to meet all their needs for development projects,” Majid Eshqi was quoted as saying by the Securities and Exchange News Agency. 
Eshqi underlined the dire financial condition of municipalities and revealed that at times they were forced to “sell their valuable assets to secure funds.”