Tehran, Iran, February 25
By Mehdi Sepahvand – Trend:
A panel of Iranian experts of economy are pursuing a way to use the country’s cash flow as a source for financing economic projects, said Nima Aminian, CEO of Construction and Energy Research Institute during an international conference in Tehran.
There is 12 quadrillion rials ($370 billion) cash flow in Iran, which the government should make available to the private sector as finance, Aminian said, Trend correspondent reported from the event February 25.
He said that the conference has formed a panel of experts which have drafted a procedural executive bill regarding how to implement Article 27 of the Constitution, which authorizes the government to finance projects.
“We have formed another panel of representatives from the Exchange and Securities Organization, finance institutes, and a university professor with a full career on the subject to devise financial mechanisms as how to make the finances available,” Aminian further explained.
The Construction and Energy Conference was attended by First Vice President Esha’q Jahangiri, who, speaking as keynote speaker earlier the day, stressed that luring the private sector is vital to the economic survival of Iran.