Using Capital Market Capacity for Rural Development and Product Supply Chain Financing

Deputy President for Rural Development and Deprived Areas, referring to the signing of a cooperation memorandum with the Securities and Exchange Organization, said: “The capital market should not be merely 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 supply chains.”

Ambassador Arjan: The Vice President for Rural Development and Underprivileged Regions, referring to the signing of a memorandum of understanding with the Securities and Exchange Organization, 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."

Abdol Karim Hosseinzadeh, in an interview with Iran's Capital Market (Sena) news site, 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 vice president of economy and planning and budget.

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

Referring to the diverse capacities of the capital market to finance social and economic activities, he emphasized: "Different 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 vice president for rural development and underprivileged areas to investigate other areas of cooperation and said: "We welcome any mechanism that can act as an intermediary between rural and nomadic communities, the vice president 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.