Economy, Business And Markets

Call for Supporting SMEs That Create Jobs

Call for Supporting SMEs That Create JobsCall for Supporting SMEs That Create Jobs

An official with the Central Bank of Iran suggests that commercial banks provide loans to small- and medium-sized enterprises having potential to create jobs. In a joint meeting attended by bank executives and officials from the Ministry of Cooperatives, Labor and Social Welfare, Mir Mohammad Sadeqi, head of the CBI’s Credit Department, said the ministry seeks cooperation of banks to financially support business plans that are expected to contribute to the employment market. Cooperatives Minister Ali Rabiei also called during the meeting for more convergence between monetary and employment policies to help cut unemployment and poverty, IRNA reported. The participants also discussed how to separate management from ownership of businesses, improve business environment, maximize investment security and improve quality of human resources.