Iranian govt to focus on liquidity in production
Providing the production sector with liquidity is the main
priority, IRIB quoted Iranian Industry, Mine, and Trade Minister
Mehdi Ghazanfari as saying on Monday.
"If we supply them with sufficient revolving capital and remove
their banking and insurance problems, they will be able to boost
their production significantly," Ghazanfari said.
"We are looking forward to the National Development Fund to
allocate 10 percent of its assets to the production sector," he
added.
He told IRNA news agency that three percent of assets of
specialized industry and agriculture banks will be also paid to
boost the production sector.
According to the current year's budget law, 10 percent of the NDF's
assets should be turned into rials and be invested in the
agriculture sector and 10 percent in the industry sector.