Seif, Lagarde Meet
Economy, Business And Markets

Seif, Lagarde Meet

Central Bank Governor Valiollah Seif highlighted Iran’s economic achievements in the year to March 20, 2014 (last fiscal year) at a meeting with Christine Lagarde, managing director of the International Monetary Fund, in Washington.
The Iranian government managed to induce economic growth, curb inflation and stabilize economic conditions thanks to applying sound policies, Banker news agency quoted him as saying.
Seif traveled to Washington last week to attend the IMF/Work Bank Group spring meetings, which hosted governors of member central banks and economy ministers on April 17-19.
The Iranian official said Tehran’s currency market is now steady and dealers are hope for a better future.
“Given the plunging oil prices, the government has warily drawn up its budget for the current year (started March 21) assuming the status quo will continue,” he said about the national budget, which many believe could face a deficit as the government is dealing with sanctions and falling oil prices.
Given the economic restrains, Seif predicted that Iran’s economy will grow by yearend at the same space as last fiscal year.
On oil sector, the CBI governor said, Iran as a member of the Organization of the Petroleum Exporting Countries (OPEC) plans to foster collaboration with other member countries and to boost oil production.
Lagarde said that the fund is ready to provide Iran with technical assistance to help the economy recover. To achieve the goal, Seif suggested that the IMF establish a regional training center (RTC) in Iran.
RTCs are centers created by the IMF to offer hands-on, policy-oriented training in macroeconomics, finance, and related operational fields for country officials. The focus of the IMF training allows for better tailoring of the particular needs of a region, closer coordination with other training providers, and enhanced ability to respond to emerging needs.

Short URL : http://goo.gl/UR6LCK

You can also read ...

Telegram Raises $850m From Investors Before Planned ICO
The chat app company Telegram filed documents with the US...
Ban on Contraband Cellphones in Iran Reaches LG
Following the government’s belated policy of curbing cellphone...
Iran-Greece Trade Tops $1.5 Billion
Iran exported more than €1.26 billion worth of goods to Greece...
On Sunday, the rial traded at 46,130 to the dollar, up 1.8%. 
With its foreign exchange package now in full swing, the...
Facebook has to delete all data it has gathered on Belgian citizens.
A Belgian court threatened Facebook (FB.O) on Friday with a...
Intel Hit With  32 Lawsuits
Intel has revealed that the company is facing at least 32...
Iran Decision on FATF Agenda
The Financial Action Task Force–the global anti-money...
Polish Expo  in Tehran
An exhibition of Polish businesses and culture held in Tehran’...