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Article: IRAN: THIRD DEVELOPMENT PLAN RUNS INTO TROUBLE.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- November 29, 1999
CopyrightCOPYRIGHT 1999 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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While touring Isfahan, President Hojatoleslam Mohammad Khatami expressed the hope that parliament would approve the third five-year development plan quickly, according to IRNA on 16 November. The plan, introduced by Khatami in mid- September, is intended to attract foreign investment, reduce government expenditures, improve economic growth, and address Iran's unemployment rate (in August, Labor and Social Affairs Minister Hussein Kamali said that about 2 million Iranians are unemployed). In early October, Iran's executive and legislative branches attempted to resolve differences over the plan, but despite the gravity of the problems it is meant to address, the plan still ...