Iranian minister of economy, Safdar Hosseini, considered the economic reforms implemented since 1997 as the major cause of the 6.5 percent economic growth achieved during the past three years.
Delivering a speech in an annual event held by the World Bank and the IMF, Hosseini noted that the reforms have led to a change in the economic structure, a growth in banking system, an improvement in the capital market, and a reduction in dominance of government over economy.
According to IRNA, he added that the Iranian economy is on transition from a traditional one to a knowledge-oriented economy to improve productivity in the country. (menareport.com)
© 2004 Mena Report (www.menareport.com)
