Iran is launching a dramatic restructuring of its economy, ending the dominance of the state sector with a massive privatisation programme, which includes the sell-off of most of the state-owned banking sector. Described as an “economic renaissance in Iran” by Davood Danesh Jafari, the minister of economic affairs and finance – in an exclusive interview with The Banker in Singapore – the minister plans to significantly reduce the role of government in the Iranian economy, which he estimates is 50% state-owned at present.
Private sector
