Iran's President announces plan to secure $100B foreign investment to boost economic growth.

Iran's President, Masoud Pezeshkian, announced a plan to secure $100 billion in foreign investment to boost the nation's economic growth from 4% to 8%. In his initial televised interview, he noted that achieving this goal might require up to $250 billion, with over half potentially sourced domestically. Pezeshkian aims to tackle inflation exceeding 40% and will visit Iraq and the UN General Assembly to encourage Iranian expatriates to invest in Iran.

August 31, 2024
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