Chamber says economic stakeholders back proposed economy minister’s reforms
The head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture said economic stakeholders support the proposed economy minister's programs for structural reforms of the economy and exchange rate policies.
Mahmoud Najafi Arab, in an interview with IRNA referring to a recent meeting of Tehran Chamber members with Ali Madanizadeh, the Minister of Economic Affairs and Finance-designate, stated, "Madanizadeh presented his proposed programs, which he has submitted to Parliament, and the Chamber members declared their agreement."
Noting that the private sector had also presented its own proposals to Madanizadeh for improving the country's economic conditions, he added, "The government's proposed minister has significant educational and professional backgrounds and is a suitable candidate to lead the Ministry of Economic Affairs and Finance."
"The Ministry of Economy requires an expert in the economic field so that we may witness improvement in the country's economy," Najafi Arab emphasized.
The head of the Tehran Chamber of Commerce referred to Madanizadeh's programs regarding exchange rate policies, saying, "In recent years, the private sector has emphasized unifying the exchange rate because this eliminates rents; moreover, a single exchange rate can revitalize businesses."
Enumerating the structural problems of the Iranian economy he described the command economy as the country's main problem, adding, "The command economy must be eliminated, the market must follow supply and demand, and at the same time, vulnerable groups must be supported by the government."
Najafi Arab, pointing out that the private sector seeks transparency in the economy, stated, "The private sector witnesses impromptu and overnight directives and a multiplicity of laws; if obstacles are removed from the base of production, structural economic reform will occur in the country."
He expressed hope that if Madanizadeh gains the parliament's vote and can implement the presented programs, the country will witness improved economic conditions, adding, “However, sometimes numerous problems arise in implementing programs; therefore, Madanizadeh must remain committed to operationalizing the programs."
Ali Madanizadeh was introduced to the Iranian Parliament by the government as the proposed Minister of Economic Affairs and Finance on June 1.
The letter of introduction was acknowledged as received during the open session on June 8, and his confidence vote session is scheduled for June 16.
Born in 1982, Madanizadeh, is an economist and Associate Professor of Economics at Sharif University of Technology. He currently heads the Faculty of Management and Economics at the prestigious university.
The winner of the global bronze medal in mathematics is among the young economists and experts in theoretical and academic fields.
He is recognized as one of the country's scientific elites as in the year 2000, he won the bronze medal at the International Mathematical Olympiad, and in 2002, he achieved third place in the International Mathematics Competition for University Students.
On March 2, 2025, former Economy minister Abdolnasser Hemmati was impeached in Parliament. Rahmatollah Akrami was subsequently appointed as acting minister.