Iran’s president says his country needs some $100 billion in foreign investment

In this photo released by the Iranian Presidency Office, President Masoud Pezeshkian speaks in a live televised interview by state TV, at his office in Tehran, Iran on Saturday, Aug. 31, 2024.

Pezeshkian said Iran needs up to $250 billion to reach its goal but more than half is available from domestic resources. Experts say growth in GDP of 8 percent would reduce double-digit inflation and unemployment rates. Pezeshkian in his interview complained about the sanctions and said his administration plans to reduce inflation, which is running at more than 40 percent annually, “if we solve our problems with neighbors and the world.” He did not elaborate.

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