The International Monetary Fund's first deputy managing director, David Lipton, addressing the press conference in Tehran, advised to fix its own banking system, improve the management system and privatize state enterprises.
"Iran needs to fix its own banking system if it wants to attract foreign investments. Improving governance and privatization of state enterprises will help to make the economy more competitive," Lipton emphasized.
"To boost the private sector, Iran should remove price controls, reduce barriers to trade and create a more conducive environment for investment, production and job creation," Iran Daily cited him as saying.
The banking sector “needs to be in a position to support enterprises that are most profitable and productive," the IMF first deputy managing director said.
During his visit to Tehran, Lipton met with the President of the Iranian Central Bank Valiollah Seif and the Oil Minister Bijan Namdar Zanganeh.
Valiollah Seif has urged IMF to help Iran in joining international banking system and in Iran’s fight against money-laundering and financing terrorism. He noted that the Islamic Republic of Iran has happily had regular contacts with IMF which we hope will bring positive outcomes for country’s banking system, TASS reports with reference to the Tasnim agency.
