Economy, Business And Markets
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Most Divestitures Awarded to Real Private Sector

While most of the privatization in the past was in the form of debt swap, all but two divestitures in the current period has avoided that fate
Masoud KarbasianMasoud Karbasian
Karbasian heralded a new wave of privatization in the coming days, which he described as the biggest one under the current administration

Economy Minister Masoud Karbasian said over 70% of the divestitures during the tenure of President Hassan Rouhani have gone to the real private sector as opposed to the previous administration whose privatization performance has been widely criticized. 
Karbasian made the announcement at an event on privatization, which focused on Justice Shares, in Tehran on Sunday, which was also attended by First Vice President Es’haq Jahangiri, Mehr News reported.
“The primary goal of privatization, which includes the payment of Justice Shares, has been to reduce the role of government in the economy and make it people-oriented,” he said. 
Justice Shares were launched by the previous government at the height of the privatization process in 2006 to include the lower-income classes in the national wealth by giving them shares of public-sector assets. The shares, however, were not given an official status until recently. 
Karbasian added that while most of the privatization in the past was in the form of debt swap, all but two divestitures in the current period has avoided that fate. 

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