76836
Private Sector Welcomes Debt Swap Plan
Private Sector Welcomes Debt Swap Plan

Iran Private Sector Welcomes Debt Swap Plan

Iran Private Sector Welcomes Debt Swap Plan

The government’s proposal for a trilateral swap deal involving the state, private contractors and banks has been met positively by the private sector whose chief  executive said it will help ease businesses’ debt burden. “I hereby welcome this constructive proposal that will help alleviate many of the challenges facing businesses,” Gholamhossein Shafei, the head of Iran Chamber of Commerce, Industries, Mines and Agriculture, wrote in a letter to Minister of Economic and Finance Affairs Masoud Karbasian. The proposal, which is expected to be implemented in the 2017-18 budget, was originally put forth by Karbasian in a letter to the head of Planning and Budget Organization, Mohammad Baqer Nobakht, and called for swapping the outstanding debt of the administration to private contractors and private firms’ debts to banks with the banks’ debt to the government.

 

Short URL : https://goo.gl/YUNpUJ
  1. https://goo.gl/54UiV5
  • https://goo.gl/hCVvEK
  • https://goo.gl/mnCr7a
  • https://goo.gl/K3Sy5B
  • https://goo.gl/NKvX3o

You can also read ...

Asian and European economic support for Iran offers the potential to improve existing alternative international trade links and develop new links.
While American President Donald Trump has withdrawn from the...
Uber Chief Product Officer to Leave
Uber Technologies Chief Product Officer Jeff Holden is leaving...
Tesla Model 3
Elon Musk’s Model 3, once touted as Tesla’s $35,000 car for...
1st USD Rate Hike After Unification
For the first time after the government decided to unify the...
The number of foreign students enrolled in Iranian universities increased by 19% in the last Iranian year (ended March 20, 2018) compared to the year before.
Currently, some 55,000 foreign students are studying in...
Iranians’ per capita honey consumption is 1 kilogram per year, while it is around 200 grams in other countries.
Iran has made noticeable progress in honey production, as it...
Efforts Underway to Unblock Iranian Accounts in Georgia
Efforts are underway to unblock some bank accounts belonging...
Transport MoU With Greece
Iran and Greece have signed a memorandum of understanding to...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus