اقتصاد ایران پس از برجام

Post-JCPOA economic course
Iran and P5+1 have initiated the implementation of Joint Comprehensive Plan of Action since January 16. Iran is currently on the threshold of a new era of change which can lead to a thorough overhaul of its economic system. The same thing happened to Germany and Japan following World War II, Singapore and China in the final quarter of the 20th century, Malaysia in 1990s and India at the beginning of the second millennium.
Although just a few of these countries have become developed states, the rest, at least, have begun treading a totally different economic path from what they used to go along prior to the turning points in their histories. Their distinct approaches were quite evident in various aspects of their economies. This is the goal we must work towards. As Western sanctions gradually extended their impacts throughout Iran's different economic fields and after a while its ominous offshoots became evident in the entire body of the economy, the revolutionization of the financial system is also required to be traceable and visible in all economic sectors. Economic development is a comprehensive process the positive signs and outcomes of which are quite clear to all citizens. It is self-evident and does not need a great deal of analysis to prove its occurrence. Following the JCPOA Implementation Day the roots of the sanctions have begun to wither. As stipulated in the Sixth Five-Year Economic Development Plan (2016-21), all economic sectors are to undergo structural changes. Iran's economy also requires an autopsy, not in theory but in practice.
In the post-sanctions era, the Rouhani administration has to pursue a number of priorities. In addition to enacting structural reforms and overcoming cumbersome bureaucracies, the government needs to overhaul the banking system and initiate structural reforms in the banks' balance sheet to revert to international banking system and use the Society for Worldwide Interbank Financial Telecommunication (SWIFT). The Central Bank of Iran has already begun to meet the criterion and standards set by the Third Basel Accord — a global, voluntary regulatory framework on bank capital adequacy, stress testing and market liquidity risk.
Like most people of the world, Iranian citizens also deserve to conduct monetary transactions in other countries or do online shopping using their credit, debit and ATM cards. Although the US sanctions still impedes this target, European companies can greatly help Iranian banks in this respect. Moreover, the domestic economy is thirsty for foreign funds the guaranteed flow of which demands an improvement in Iran's credit rating. State officials should strive to achieve this goal in the coming months.
Iran's regaining access to SWIFT will revitalize domestic economic sectors. Nevertheless, attaining the economic status Iran had prior to the imposition and intensification of the embargoes is not enough, the Rouhani administration should aim higher. Iran is required to achieve a position where a downward trend in global oil prices no longer poses a grave risk to the domestic economy. This, however, calls for courageous and risk-taking policymakers and managers who are willing to test new approaches and strategies and be motivated enough to bring about structural changes through creativity. Iran's economy needs technocrats who use their knowledge to ensure structural reforms.


دسته بندی: مکالمه آزاد | تاريخ انتشار : 1395/02/07 14:05 | بازدید : 520

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