Iran’s President Masoud Pezeshkian highlighted the need for $100 billion in foreign investment to achieve 8% economic growth annually, aiming to double the current rate of 4%. The call for investments came during his first live televised interview since his election in July.
With a target of $250 billion for economic goals, Pezeshkian emphasized the importance of domestic resources along with the necessity for international investments. Experts suggest that achieving an 8% GDP growth could help combat double-digit inflation and unemployment rates in the country.
Despite facing international sanctions impacting various sectors in Iran, Pezeshkian expressed intentions to tackle inflation, currently exceeding 40% annually, through diplomatic relations. He plans to visit Iraq followed by attending the UN General Assembly in New York to engage with Iranian expatriates for investments.
Pezeshkian, a reformist leader succeeding a hard-line predecessor, aims to revive the nuclear deal that could boost Iran’s economy, which has suffered since 2018 due to U.S. sanctions. His administration emphasizes a softer approach internally and internationally.