World  Business and Economic Analysis 


  • Hosseini :Performance Analysis of the National Development Fund



    Seyyed Shamsiddin Hosseini said about the performance of the National Development Fund, One of the issues faced by oil-rich countries and economies, or countries where part of their incomes are in foreign currency and even their governments' incomes are dependent on oil, is the fluctuation of these incomes, because the so-called economists of these countries They are price takers, that is, the prices of these countries are determined in the world markets by mechanisms that these countries do not have much influence on, so they are not price takers and are price takers.

    The representative of the people of Tankabon, Ramsar and Abbas Abad in the Islamic Council explained the problems caused by the fluctuations of foreign exchange income, for example when these incomes increase, it can cause problems such as Dutch disease, that's why even decades ago Historically, before the Iranian Islamic Revolution, oil exporting countries tried to create mechanisms to protect themselves from the negative consequences of these fluctuations, which has led to the formation of funds and institutions, for example in our country IFIC ( Foreign Investments Company) which is available in the Ministry of Economic Affairs and Finance was created almost with such a philosophy.

    He added: This issue was also done in most of the oil-producing or oil-exporting countries, and one of the most important successful examples of that country is Norway.

     The foreign exchange reserve account was created for this purpose, on the one hand This fluctuation should be prevented and on the other hand, a spare (additional) fund should be created that can cover the future with the view of sustainable development and preserving inter generational resources,he said.

    A member of the Program, Budget Commission in the parliament, saying that in general, it can be said; The foreign exchange reserve account was unsuccessful, he continued: One of the damages that were mentioned for this account was that the foreign exchange reserve account did not have a legal personality and it was an account, which caused the issue of the foreign exchange reserve fund to be raised, which eventually ended up in the National Development Fund. Became.

    Pointing out that if we want to evaluate in this area, we must have a relative evaluation, he clarified: In my opinion, the National Development Fund mechanism is more successful than the currency reserve account mechanism because it has a legal personality. There is a board of trustees, an executive board, and a supervisory board, and their effort is to preserve the fund's resources, despite the fact that the foreign currency reserve account is in some way oppressed among the accounts of the central bank.

    Hosseini added: "In this respect, the National Development Fund has been more successful than the foreign exchange reserve account. Currently, we know that this fund exists and has resources, and in some cases, the board of trustees or the executive board rose against some perceptions of this fund and with They deal with it, but what needs to be addressed now is the greater role of the National Development Fund.

    The head of the special commission for growth and production growth of the parliament stated: In the 7th development plan, we must make a diagnosis, in the sense that now that we have such resources, how to use them in two directions; First, not only these resources remain for future generations, but also increase, secondly, if these resources are going to increase, how should they be compatible and in line with national development.

  • Oman Minister meets with Dr. Seyed Shamsuddin Hosseini


    Qais Mohammad bin Yusuf, Oman's Minister of Trade, Industry and Investment met and talked with Seyyed Shamsuddin Hossein, the head of the Special Commission for Growth and Development of Production and Monitoring the Implementation of Article 44 of the Constitution of the Islamic Council, at noon (Monday, May 18).

    At the beginning of this meeting, the head of the special commission for the jump and boom of production and the principle 44 of the Islamic Council assessed the closeness and strength of relations between FIMA as continuous and stable and said: "Iran and Oman have always had close cooperation and continuous relations with each other and all-out efforts The government and parliament of the two countries have led to the deepening and development of relations in the political and economic fields.

    Hosseini pointed out: "The indicators of the cooperation between the two countries are moving forward, but the economic relations between the two countries have not progressed in accordance with the political relations, and the efforts of the two countries to improve the level of economic cooperation equal to the friendly and political relations are important."

    The head of the Special Commission for Growth and Development of Production of the Islamic Council added in the continuation of this meeting: "The Islamic Republic of Iran is looking for convergence between regional and neighboring countries".

    Referring to the developments in the region and Iran's cooperation agreement with some countries in the region, he said: "The Islamic Republic of Iran has always welcomed the development of cooperation with the Persian Gulf countries and the establishment of regional cooperation in the direction of peace and international stability."

    Referring to the readiness of our country to cooperate with Oman in various fields, Hosseini pointed out: "Iran has made significant progress in various industrial fields such as energy, industry, medicine and medical equipment, and the field of technology, and the interaction with Oman in these fields has been successful. It will benefit both countries."

    The representative of the people of Tunkabon and Ramsar in the Islamic Council called for the promotion of parliamentary relations, especially in the economic field, and considered the role of parliamentary interactions between Iran and Oman in strengthening the relations between the governments to be effective and to expand the parliamentary relations between the two countries. And he emphasized the readiness and support of the Islamic Council for the approval of the agreements signed by the governments of the two countries.

    In this regard, he emphasized: "Parliamentary movements in the fields of joint and special commissions and chambers of commerce of the two countries will strengthen the level of bilateral relations."

    Shamsuddin Hosseini stated the importance of improving the level of relations between Iran and Oman in line with the strategic goals and in the direction of advancing bilateral relations and supporting the government and people of the two countries and emphasized the need for the increasing development of economic cooperation.

    Qais Mohammad bin Youssef, Minister of Trade, Industry and Investment of Oman, expressing his satisfaction with the warm reception he and his accompanying delegation received in the Islamic Council, called for the promotion of commercial and economic cooperation between Iran and Oman, and expressed hope that the level of bilateral relations in parliamentary affairs would improve. And the governments of the two countries should be strengthened even more.

    By stating Iran's industrial, pharmaceutical and technological advances and achievements, he stated his country's serious determination to strengthen relations with Iran, and for the development of joint cooperation, he considered the industrial capacities of our country as a basis for promoting trade exchanges and deepening cooperation.

    The Minister of Trade, Industry and Investment of Oman, while inviting the members of the Special Commission for Growth and Development of Production of the Islamic Council to Muscat, said: "Strengthening parliamentary relations and exchanges is the source of improving the level of commercial and economic relations and improving the level of interactions between the two countries. It will be opened between Oman and Iran.

    It is worth mentioning that in addition to the president of the Chamber of Commerce and the Omani ambassador and the economic delegation of that country, Dr. Nouri Qazaljeh, Dr. Ali Akbar Karimi, Dr. Mohammad Rashidi, Dr. Reza Taqipour, other members of the commission were also present in this meeting.



  • Oman Minister meets with Dr.Hosseini

کتاب عملیات بانکی در عرصه بین الملل -سرفصل ها،ضمائم ،توصیه صاحب‏نظران ارزی و مدیران ارشد بانکی

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