The announcement came from Iran President Ayatollah Ahmedinejad during his first live television interview given by Iran State Television soon after clinching defeat in the presidential race in July this year.
Obviously, to spur the economy of the country, the new president of Iran, Masoud Pezeshkian, declared that he wants to attract up to $100 billion of foreign investments in order to obtain 8% of economic growth annually.
If the country is to attain the target of 20 percent, it will represent a substantial improvement in the rate of economic growth compared to the existing 4 percent rate.
This declaration by the Iranian president was made for the first time in an interview with the state television after the Iranian president clinched the presidency race in mid-this year. Pezeshkian got a chance to lead the country after his predecessor, former President Ebrahim Raisi, died in a helicopter crash in May.
In the interview, the Iranian leader reported that the country might require as much as $250 billion to achieve its objective.
He pointed out that even 50 cents is available domestically, and more than over is available domestically. This plan was laid down by Pezeshkian after economists pointed out that attaining a growth in GDP to 8 percent would bring down the double-digit inflation and unemployment rates that the country is facing.
Sanctions turn into the biggest problem.
However, things are not as easy as they look where the retailers’ perspective is concerned. However, it is also pertinent to mention that hundreds of entities related to this country’s central bank and its officials, drone manufacturing companies, money changers, and much more are already struggling through the numerous international sanctions.
Many of the above entities have in the past been charged with financing its Revolutionary Guard and other foreign terrorist organizations like Hamas, Hezbollah, and the Houthi.
