Iranian minister: Financing methods should be modernized
Azerbaijan, Baku, Feb. 26/ Trend F.Milad/
To realize the goal of 8 percent economic growth rate, financing methods should be modernized, Iranian deputy finance and economic affair minister said.
Some 1.1 trillion dollars is needed to be invested during the fifth five-year economic development plan (2010-2015) to materialize the 8-percent growth rate, Behrouz Alishiri added.
The domestic sources have the potential to meet around 56 percent of the required sum and the rest should be provided through foreign investment, he noted.
Iran needs up to $300 billion in foreign direct investment (FDI) to meet objectives of its fifth five-year development plan (2010-2015), and reach 8 percent economic growth rate, Alishiri told ILNA news agency in October 2011.
In terms of the growth of foreign direct investment, Iran is ranked among the world's top countries. Despite the global economic sanctions, more than 400 foreign companies are now directly investing in Iran in different sectors, he added.