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Iran calls on IMF to facilitate reconnecting to world banking system

Business Materials 16 May 2016 17:39 (UTC +04:00)

Baku, Azerbaijan, May 16

By Khalid Kazimov - Trend:

The governor of the Central Bank of Iran Valiollah Seif has called on the International Monetary Fund( IMF) to help Tehran to reconnect to the international banking system.

At a meeting with David Lipton, first deputy managing director of the IMF, Seif called on the IMF to provide Iran with technical assistance to deal with money laundering and the financing of terrorism, Mehr news agency reported.

Seif touched upon the economic reforms carried out under President Hassan Rouhani's term and said that for the past three years the unemployment rate has dropped to 12 percent from 40 percent.

He further added that the inflation rate has reduced and the economic growth has improved during Rouhani's term in office.

David Lipton, leading a delegation, arrived in Tehran May 16 to discuss economic issues with high-ranking Iranian officials.

Lipton is expected to address a conference on Iran and global economy at the venue of the Central Bank of Iran on May 17.

The visit is aimed at exploring the opportunity for introducing Iranian capacity in economic areas that will help building confidence in international trade.

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