VP says stable policies could unlock $150b in domestic, expatriate capital
Vice President Mohammadreza Aref said on Monday that stabilizing laws and decision-making could activate at least $150 billion in potential domestic capital and funds from Iranian investors inside and outside the country, Mehr News Agency reported.
Aref, speaking at a meeting with capital market participants, emphasized the need for consistent economic policies and warned against arbitrary approaches.
He said that economic, development and technology programs must be tailored to the country’s new circumstances.
Aref pointed to the private sector as the key driver of economic development, saying the government should play a facilitating role.
“There is at least $150 billion in capital within the country and also among Iranians abroad that can be utilized for economic development.”
“The private sector must be the center of economic development, and the government should act as a facilitator,” he said, adding that alignment between the private sector and the establishment was necessary.
He also called for greater consideration of views from economic, social and political elites on various issues.
“Investors are interested in investing in the country, but this requires stability in laws, stability in decision-making, and avoidance of arbitrary behavior,” Aref said.