25 Apr 2024
Thursday 28 July 2016 - 15:44
Story Code : 224810

The myth of no foreign investment in post-sanctions Iran

TEHRAN, Iran Iranian President Hassan Rouhani has come under mounting criticism over what critics callhis governments inability to improve the economy and create jobs,despite having reached the nuclear deal and gotten sanctions lifted.

As Iran was negotiating over its nuclear program, Rouhani and his administration repeatedly stated that resolving the nuclear issue would pave the way for foreign investment, which in turn could play a crucial role in boosting the economy.

However, over a year after the signing of the Joint Comprehensive Plan of Action and more than sixmonths after its formal implementation, the president and his economic team are under mounting pressure from opponents and the public alike, who feel that little has changed.

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This article was written by Maysam Bizr for Al-Monitor on July 27, 2016. Maysam Bizr is the former editor-in-chief of the Iran Desk at Press TV's website department. He has worked for various local media and has been a contributor to a number of foreign media outlets.
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