Iran Deepening Ties with Brazil, Indonesia and Algeria

Financial Tribune – Iranian Minister of Economic Affairs and Finance Masoud Karbasian discussed issues of mutual interest with his counterparts from Brazil, Indonesia and Algeria on Monday.

On the last leg of his trip to Washington DC, Karbasian, met his counterparts on the sidelines of the annual meetings of the World Bank and the International Monetary Fund held during Oct. 13-15, the Economy Ministry’s website reported.

Heading a high-ranking delegation that also included Central Bank of Iran Governor Valiollah Seif and Mohammad Khazaei, director of the Organization for Investment, Economic and Technical Assistance of Iran, Karbasian left for Tehran late Monday.

Karbasian outlined the economic conditions of Iran for Henrique Meirelles, the Brazilian finance minister, and called for expanding relations in industrial, agricultural and trade fields.

Owing to the fact that the Iranian Economy Ministry is at the helm of the Iran-Brazil Economic Commission, he emphasized the role of the commission in further using opportunities in various fields.

The minister also pointed to recent measures by the Central Bank of Iran and a number of Iranian lenders to engage with their Brazilian counterparts, saying he hopes they would lead to Iranian banks opening branches in the Latin American country.

The Brazilian minister also stressed on developing economic ties and welcomed the entry of Iranian banks into his country.