Iran’s president says his country needs more than $100 billion in foreign investment
Iran’s president has said his country needs about $100 billion in foreign investment to achieve an annual target of 8% economic growth
By The Associated Press
Published - Aug 31, 2024, 05:11 PM ET
Last Updated - Aug 31, 2024, 05:11 PM EDT
TEHRAN, Iran (AP) —
Iran’s president said Saturday his country needs some $100 billion in foreign investment to achieve an annual target of 8% economic growth up from the current rate of 4%.
The remarks by Masoud Pezeshkian, who was elected in July, came in his first live televised interview by state TV.
Pezeshkian said Iran needs up to $250 billion to reach its goal but more than half is available from domestic resources. Experts say growth in GDP of 8% would reduce double-digit inflation and unemployment rates.
