JBOC

Tuesday, September 28, 2004

Oil Bibliography Archive 1996: Rafsanjani Attempts to get Iran's Economy Going

Oil Bibliography Archive 1996: Rafsanjani Attempts to get Iran's Economy Going: "Rafsanjani Attempts to get Iran's Economy Going
President Ali Akbar Hashemi Rafsanjani (porafsan@jeeves.la.utexas.edu)
Tue, 2 Apr 1996 11:55:45 -0600 (CST)

Desmond, Edward W., "A Revolution Loses its Zeal", Time, May 6, 1991,
p.32-34


President Ali Akbar Hashemi Rafsanjani, who came to power a couple months ago after the death of Khomeini is to begin a reversal of the strict Islamic injunctions, but in an oblique way uses a more relaxed approach to accomplish what he wants. Rafsanjani faces a population exhausted by eight years of war with Iraq and severe political turmoil and an economic slump. Iran over the period from 1979 to early 90's has developeed a "pariah' status in the world community which Rafsanjani wants to eliminate, and he also needs to gain desperately needed aid. Rafsanjani wants to rescue the economy returning the nationalized industries to private hands and attracting more foreign investments and technology. His government has started talks with the International Monetary Fund(IMF) in hopes of obtaining loans, but the Islamic republic's constitution explicitly forbids foreign investment.

Rafsanjani has disposed with Iran's ultraconservative image and upgraded and restored ties with European and Middle Eastern countries as welll as Canada. Although attempts by the U.S. dealing with a country that sets Islamic values above all else have been made, communication still remains
difficult."