Iran Manufacturing thirst; a 59,000 queue!
Enrollments for “Iran’s Economic Recovery Plan” reached a new high!
The ERP (Iran’s Economic Recovery Plan) is to finance SMEs and unfinished projects with more than 60% physical development. Despite the chatters around how limited the plan initially was to be (IRR 16,000 bn to 5,700 businesses), the CBI’s chair (Vali-Allah-Seif) testimony set no borders for entrepreneurs to water down the manufacturing thirst. According to Seif, banks are capacitized to loan IRR 4,500,000 bn per annum, yet the previous FY had only IRR 4,170,000 bn.