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World Bank advisor: Iran's economic growth depends on expansion of private sector

Top Economic Advisor to the World Bank who is in charge of Middle East and North Africa Mostafa Naboli said in Tehran on Monday that Iran's economic development is totally depends on expansion of its private sector, IRNA reported.

In an exclusive interview with IRNA, on the sidelines of his three-day visit to the Islamic Republic of Iran and meeting with the Iranian economic officials, he described Iran's macro economic situation as very 'stable' and said Iran enjoys very positive economic position which can serve as a launch pad for attaining economic development in society.

Highlighting the country's suitable foreign currency and monetary policies, he said Iran has enough potential to create new investment opportunities in commerce, exports, imports and other areas of activities.

Referring to desirable economic growth of the country last year and this year, he said to proceed with development process Iran is required to carry out a number of regulatory reforms in the field of commerce, ease red tape and lift barriers to trade exchanges.

Observing the current rules and regulations, meeting financial commitments, adopting a healthy financial system and signing fair contracts are among indicators of a sound economic system in a society, he pointed out.

Since there exists ample grounds for the development of the private sector in Iran, he called on the private sector to play a more active role in investment sector, adding that more efforts should be made to better use the country's economic potential.

He said the aim of his visit to Iran was to study the role of gender in shouldering social and economic responsibilities in Iranian market especially the role of women, identify their problems and prescribe suitable methods to help remove existing barriers.

He is also to study Iran's economic development plan and help it with transfer of expertise from other countries in order to help fully implement economic reforms in the country.

He is also to prepare grounds for holding conferences with assistance from the Iranian government in the following months to help improve women's status in the market.

The Islamic Republic of Iran has paid due attention to the issue of 'gender' in its Fourth Five-Year Economic Development Plan, he pointed out.

To uplift the status of Iranian women in market, Iran and the World Bank signed a memorandum of understanding (MoU) on research cooperation on Saturday, he said.

Based on the signed MoU, the World Bank has pledged to provide Iran with dlrs 100,000 in aid to help establish a research and educational network on Persian language to study the status of women in Iran, Tajikistan and Afghanistan and to connect them with a similar network services in the Arab countries.

He described the share of Iranian women in economic activities and its market as relatively 'weak'.

... Payvand News - 3/8/04 ... --

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