Iran's president says his country needs billions in foreign investment
IRAN’S president said on Saturday that his country needs the equivalent of £76 billion in foreign investment to achieve an annual target of 8 per cent economic growth, up from the current rate of 4 per cent.
The remarks by Masoud Pezeshkian, who was elected in July, came in his first live televised interview by state TV.
President Pezeshkian said that Iran needs up to £190bn to reach its goal but more than half is available from domestic resources. Experts say growth in GDP of 8 per cent would reduce double-digit inflation and unemployment rates.
More from this author
While Israel stalls on ceasefire agreement, its military kills another 78 people in Gaza
Similar stories
As a new president takes office amid a suspiciously low turnout, the regime’s grip on power grows ever more tenuous as the crises and rebellions become more regular, writes JAMSHID AHMADI
