Deputy President: Villages to Be Listed on Stock Exchange

The Deputy President, referring to the signing of a cooperation memorandum with the Securities and Exchange Organization, said: The capital market should not be seen merely as a tool for financing mega-projects, metropolises and large-scale plans; its capacities can also be used for rural and nomadic development and for financing product value chains. Deputy President's post: Villages Are Going Public — First appeared on Safir Arjan.

Referring to the conclusion of the memorandum of cooperation with the Securities and Exchange Organization, the vice president said: "The capital market should not be considered as a tool for financing mega-projects, metropolises and large projects, but its capacities can also be used for rural and nomadic development and product chain financing."

According to Arjan's ambassador, Abdul Karim Hosseinzadeh, referring to the signing of the memorandum of understanding between the Presidential Deputy for Rural Development and Underprivileged Areas and the Securities and Exchange Organization, said: "For about 2 months, the experts of the Stock Exchange Organization and the Deputy for Rural Development and Underprivileged Areas have been exchanging opinions and cooperating to examine common areas." In this direction, the issue of issuing bonds and other financing methods proposed by the stock exchange organization is under consideration in the deputy economic and planning and budget department.

The Vice President for Rural Development and Underprivileged Regions, emphasizing the necessity of facilitating the access of the target community to capital market tools, added: The goal is to use the capacities of the capital market to empower rural and nomadic communities.

Referring to the various capacities of the capital market for financing social and economic activities, he emphasized: various methods of financing and types of charity funds are among the capacities that can be used in this direction.

Hosseinzadeh announced the readiness of the Presidential Office for Rural Development and Underprivileged Regions to investigate other areas of cooperation and said: We welcome any mechanism that can act as an intermediary between rural and nomadic communities, the office and institutions such as the Central Bank. This cooperation is a good opportunity to use the existing capacities in the development and empowerment of the target communities.