Iranian President Masoud Pezeshkian met on Wednesday with the Minister of Economy, along with the ministry's directors and deputies. During the meeting, he expressed criticism towards groups opposing the implementation of FATF rules, emphasizing their potential to help combat financial corruption.
Why it matters:
Normally, Iran's fully joining the FATF agreement would make transparent the country's financial relations with the world, easing Iranian bank transactions with global financial institutions, and nullifying any pretext to impose more sanctions.
The big picture:
In recent years, the ratification of the FATF has sparked significant debate in Iran. Supporters argue it could alleviate sanctions on the Islamic Republic, while opponents view any move towards it as harmful to Iran.
What he's saying:
- Pezeshkian criticized opposition by some groups to the implementation of the FATF rules in Iran.
- Pezeshkian also urged the ministry’s officials to work on eliminating the existing imbalances as part of efforts to help achieve the ultimate goal of the administration, which is to remove gaps and promote equality.
- Chambers of Commerce can help enhance border trade with nearly 15 neighboring countries.
- Border trade would also help boost employment by activating border markets.
- Economic growth requires public participation, and investment, which the president said should be facilitated through easing bureaucracy.
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