Iran Private Sector Seeks Share of Finance

Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei will soon attend the next meeting of the Money and Credit Council–a financial decision-making body–to negotiate a share for the private sector from the recent stream of foreign finance flowing into the country, ICCIMA’s deputy head announced. “Our concern is that a significant part of these funds would be used in government projects that are not economically viable,” Pedram Soltani also told IBENA. “If that happens, the repayment of foreign loans in the future would be imposed on the budget and would only serve to increase the national debt,” he added.