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Momentum is building slowly in Iran’s private banking sector |
IRAN’S RECEIPTS FROM energy exports are at record levels. However, all but the most conservative of the ruling elite have long recognized that this bounty must form the basis of a more diversified economy if growth is to be sustained and high unemployment and pervasive poverty are to be eliminated. The legislative framework recognizes this: privatization, the fostering of private enterprise and the attraction of foreign investment and expertise have all – in theory – been provided for in recent years.
Implementation is another matter.
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