Baku, Azerbaijan, May 24
By Khalid Kazimov - Trend:
The current Iranian calendar year (started March 20) will be a turning point for the country's economy, an Iranian minister believes.
Minister of Economic Affairs and Finance Ali Tayebnia said that obstacles against oil exports and trade ties of Iran have been removed following the implementation of the Joint Comprehensive Plan of Action (JCPOA), IRNA news agency reported.
Addressing a conference on monetary and exchange rate policy in Tehran, Tayebnia said that Iranian financial institutions and households have not benefited from the high level of liquidity in the country over the past several years.
Meanwhile, Economic Affairs and Finance Ministry has to deal with the government's outstanding debts, he added.
He also said that the political developments should not have a negative impact on the country's economic growth.
During his recent visit to Tehran, David Lipton, the first deputy managing director of the International Monetary Fund (IMF), called for a plan of action aimed at reforming Iran's economy.
Lipton also added that the IMF will give support to reform efforts in the Islamic Republic.
The IMF official predicted about 4-percent economic growth for the country over the current year.
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