Iran’s president says his country needs more than $100 billion in foreign investment
Many individuals and groups in Iran are currently facing international sanctions for their support of Iran’s Revolutionary Guard and foreign militant groups such as Hamas, Hezbollah, and the Houthis. Iran’s inflation rate is over 40% annually, and efforts to reduce it depend on resolving issues with neighboring countries and the international community.
Pezeshkian, in an interview, expressed concern about the sanctions and mentioned plans to address inflation if diplomatic challenges are resolved. He confirmed that his first trip abroad will be to neighboring Iraq, followed by a visit to New York for the United Nations General Assembly meeting on Sept. 22-23. During his time in New York, he intends to meet with Iranian expatriates to encourage them to invest in Iran. Out of over 8 million Iranian expatriates, approximately 1.5 million live in the United States.
