The secretary of IUESA asked to develop an anti-recession package for supporting small urban institutions, and said most of these institutions have activity in urban context and urban management can participate in developing in this package.

Stating that decline in oil prices and lack of ability of government to act on their commitments to contractors and banking system are the main reasons of more recession, he said: the recent report by the Central Bank of the bank’s net receivables from the public sector shows more than 200 per cent.

Referring to the recent report of Majlis Research Center on small and medium enterprises (SEM), the secretary of IUESA added: 84.9 per cent of industrial enterprises are small or medium and their value added is about 14%.

Saying that these firms are highly vulnerable to economic fluctuations, Khwarizmi lecturer stated, the biggest challenge for micro and small firms in the world, is financing with 38.9%. In Iran during the 4 seasons, leading up to the spring 93 issue of bank facilities and capital market weakness in the financing of the main problems of the enterprises.

Stating that decline in oil prices and lack of ability of government to act on their commitments to contractors and banking system are the main reasons of more recession, he said: the recent report by the Central Bank of the bank’s net receivables from the public sector shows more than 200 per cent.

Source : IUESA

Date : January 17, 2016