Increase in Participation of Real Private Sector in State Divestitures
Finance minister of Islamic Republic of Iran stated share of real private sector participation in divestiture of state-owned assets has surged to 70 percent during 10th and 11th government.
Public relations liaison of Iran Privatization Organization reported as quoted byMasoudKarbasian, minister of finance “Share of real private sector in divestiture of state-owned assets has surged to more than 70 percent which can be considered as a turning point in the subject of divestitures.”
Minister of finance also indicated reducing government involvement is one of the governments’ main responsibilities and pointed out that more divestitures of state-owned assets are still on the agenda.
“Other measures taken in the process of divestitures of state-owned assets is divestiture of nonessential bank properties and assets as a step to reduction of government involvement. Currently a total worth of 10,000 billion Rials of the bank nonessential assets has been divested through legal processes in order to help government relinquish its involvement role in the economy.”