Pezeshkian: Solving economic issues priority of government

By Al Mayadeen English
Source: Agencies
28 Jul 2024 22:40

In his first interview following the endorsement of his presidential decree, Pezeshkian outlined the 14th government's focus on addressing economic challenges and supporting domestic production.

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In this photo released by the official website of the office of the Iranian supreme leader, newly elected President Masoud Pezeshkian speaks after receiving the official seal of approval of Supreme Leader Ayatollah Ali Khamenei in an endorsement ceremony in Tehran, Iran, Sunday, July 28, 2024.

Iran's President Masoud Pezeshkian has made solving economic issues a top priority for his administration, IRNA reports.

In his first interview following the endorsement of his presidential decree, Pezeshkian outlined the 14th government's focus on addressing economic challenges and supporting domestic production to alleviate the financial hurdles faced by the Iranian people.

Pezeshkian stressed the government's commitment to implementing Sayyed Khamenei's goals.

The first cabinet meeting of the 14th government took place on Sunday evening, with President Pezeshkian stressing the importance of national unity and consensus for the country's success.

He mentioned the need for a cabinet that represents national consensus rather than factional interests.

The president also appointed Mohammad Reza Aref as the First Vice President and former Education Minister Mohsen Haji-Mirzaei as his chief of staff.

Earlier in the day, Iran's Supreme Leader Sayyed Khamenei officially endorsed Pezeshkian as President of Iran. He will be sworn in before Parliament on Tuesday.

Steady growth

Earlier this month, the World Bank reported that the Iranian economy has achieved strong growth for the fourth consecutive year, driven primarily by a significant recovery in the oil sector despite ongoing economic sanctions.

In its Spring 2024 report, the World Bank revealed that Iran's economy expanded by 5% in real GDP from April to December 2023 compared to the same period the previous year.

This growth marks a continuation of the positive economic trends observed over the past three years.

The report mentioned that the oil sector played a crucial role in this economic expansion, showing a robust growth rate of 16.3% during the first nine months of the 2023/2024 fiscal year.

The increase in oil production and exports was instrumental in driving the overall economic performance.