Madanizadeh approved as Economy Minister with overwhelming majority
The Iranian Parliament Monday gave a vote of confidence to Ali Madanizadeh as the new Minister of Economic Affairs and Finance nominated by President Masoud Pezeshkian.
Madanizadeh won 171 out of 246 votes cast in the confidence ballot in the 290-seat legislature. Some 67 voted against, while 8 abstained.
Iranian lawmakers on March 2 impeached and voted to remove former minister Abdolnasser Hemmati from office over economic woes and the sharp devaluation of the national currency.
Madanizadeh, in an in-depth interview last week, laid out his vision for economic reforms, stressing that he has never been a political figure, but rather, as an expert and academic, he has always taken it upon himself to assist governments in tackling economic challenges and improving people’s livelihoods.
Born in 1982, Madanizadeh is an associate professor of Economics at Sharif University of Technology.
He holds a master’s degree in electrical engineering from Sharif University of Technology, a master’s degree in computational mathematics from Stanford University, and a doctorate in economics from the University of Chicago.
His areas of expertise include macroeconomics, monetary and fiscal policies, international trade, and industrial structures — topics that play a central role in both his teaching and research.
He takes the position amid Israel’s ongoing aggression against Iran that routinely targets the latter’s civilian infrastructure.