we are with you in this group, mr. seifi , please say hello and thank you, mrs. khalji, and have a good time, dear viewers , welcome to today's economy table, it is going to be in today's program regarding the production and infrastructure financing law together. let's talk to the guests of the program , but before the program begins, thank you and say goodbye to the dear viewers of the one channel, for inviting and accompanying this program on the khabar network . greetings again, dear and respected viewers , as you must be in the news and according to the reports received, considering that economic growth in the 1990s was concentrated below the ratio of capital formation

the capital balance of the country is also a process of legal frameworks , and for this reason, the formulation and approval of the production and infrastructure financing law was put on the agenda , which took about two years to pass in the parliament, and finally, this law was formulated in order to facilitate the financing of strategic plans. regulations and necessary measures to finance the production in the 7th program will be communicated to him in ardi month of this year. when the law was approaching its final stages, the ministry of economy also updated the mechanism of the ministry of home affairs in accordance with that law in order to prepare for the implementation of this law and to increase the required speed of action. finally, today the center the study of production financing was opened, and according to the minister of economy, we hope that with these measures , the delays in the formation of net capital in the 90s will be compensated and that the investment of money will be based on development , the approach that caused the dish. in today's program

, we are going to talk about the mechanism of the center and its contribution to improving the financing of the country's production , but before starting the conversation with the guests , we will see the report that my colleagues are preparing together, or the liquidity is the reason why in some factories i know one of the problems of many producers is because they are broken parliament passed a law last year to improve the financing problem of companies. production and infrastructure financing law is a set of rules for the capital market, financing from foreign investment and financing related to the country's infrastructure. with the approval of this law, a trustee of the production financing facilitation center is one of its most important tasks to identify production obstacles. the company and its follow-up are at high levels. the center should follow the government regulations if needed. an executive order must be issued or if

a bill must be sent to the parliament, this bill must be sent to the parliament and in total cases that banks are allowed to invest in infrastructure projects after 10 years, and according to this section of the law , these projects should be handed over by banks after a while , and bank loans should be made easier by facilitating bank facilities. guarantee institutions established by the law are formed, they can receive a variety of assets as collateral, guarantee the recipient's education on subjects that can lead the country to more production of 7 trillion tomans. produced by the ministry of economy and also mr. dr. maisam khosr, we are the scholars of the parliament, mr. karimi hello, good time and welcome, in the name of god, your

excellency , and also the esteemed viewers, mr. khasnavi. let's start well. well, in the introduction, the goals and process of the image, in any case , please tell us about the center that has been set up, which you are already talking about. well, let me tell you that you are the same as you are the seventh plan considers an average growth of 8% for a 5-year period, which requires requirements from us . there is also a series of discussion on capital formation and investment in the productive sectors of the economy, which is a discussion of financing in the economy and for economic enterprises that actually we say that economic growth

is provided through them in two ways, either from company profits and providing internal resources, in fact financing happens and based on that capital. does investment occur or are external sources used , which are sources as well as the capital market? well, during these years, we have actually used different tools and methods. in fact , we introduced the capital market in our monetary and banking system to the economic activists, but it has not yet been able to provide the special function that we expect from it based on the discussion of capital formation , due to the issue of the production financing law and so on. as you have mentioned, in fact, after 3-4 years , it was brought up in the islamic council and turned into a plan, and it became a representative of the government to review and synergize for effective materials and approve it

in the islamic council. it was coordinated and many expert meetings were held in different committees it was and after asking precisely, actually. 4 years ago, this law came to a conclusion and was promulgated about 3 months ago. in fact, there are many things that we may think that perhaps the most important law of the islamic council's achievement in the previous period can be mentioned. this is the law that he addressed many cases that the private sector economic activists feel satisfied with and when they realize that this is actually the case. it has been paid , they really feel excited, but in this law, now that i am talking about the law , there are 25 regulations and about 10 to 12 orders. the action is directly mentioned in the law, which must be done in fact, and the ministry of economy

has put it in charge, so that we want to implement this law as well as we actually talked about it, already in the ministry of economy, well , anyway. these are the special ones for the ministry of economy. there was an office that was actually the general administration, under the title of the general administration of financial markets, which carried out the same actions, but with this, in fact, the amount of work that the ministry of economy was supposed to do anyway , with the decision of the minister of economy for about 5-6 months. in fact, to propose a new structure the organization of the employment office was approved just two months ago , in fact, it was announced that that office. to become a center for the determination of financial production and according to the events that are actually foreseen in the law , it can carry out these measures efficiently . it is in these clauses that i would like to inform you that this

system and this law have actually been implemented and predicted that all the trustees of financing are members of this council, that is, the minister. i would like to inform you that the organization of the budget program of the minister of your position and service the head of the central insurance exchange organization, as well as two of the central insurance and the national development fund , which is actually the financial stability council, you can see the financial stability council. no, that meal may actually be different from what is in the literature. it is very important that the board of ministers specialized in the field of financing is formed as if we are doing what we are doing , which can in any case mean the people who

are related and those decisions are actually introduced to the financing system under the title of notification. and the discussion of models of financing can actually be developed and promoted. now , i would like to tell you about some of the cases that this council has the duty to specify , one of which is the development of the validation system, mr. doctor . before we move forward, we want to talk about some examples we want to do time management, also an example that can be better understood. now, with the arrangement that you said and the approach that you are considering, which obstacle to securing capital will be removed. subject to if they don't use their own internal resources, they should go and borrow from the bank. in fact, they can borrow . a loan also means creating money

, which means inflation. there are also tax exemptions and tax clarifications for him, so why should he go to sources of inflation, he uses his own resources , he does his own development work, and this helps him become productive. . one of the cases mentioned in this law is, for example, this. one of the other issues that you actually addressed in your report, for example, the development of the guarantee industry, there are many cases that those of us who have the qualifications but do not have the financial ability cannot go to, in fact , get a guarantee from the banking system, it says that you must have funds, what should it be? so and so , but if guarantee funds are formed in the economic system , whether they are private, they are experts in this field, and by examining, for example, assuming that a fs is actually a project, it comes to the conclusion that this project. can you issue a legitimate income for these or

karimi? thank you very much, mr. khosravi, control policy it stagnates your balance sheet, which you have talked about many times before. production finance can be a supplement to the policy of controlling some of the banks' balance sheets, and it can offset the effect, in your opinion . that a new organization seems to be established in the financing council . first of all, before entering into my opinion, this law is actually one of the examples of the statement that the supreme leader of the revolution said in a meeting with the members of the parliament a few days ago, and that was that good law should be based on expertise the law was one of the most important approvers of this law , and here we must thank god for all the experts who were involved in this law. honorable representatives and the government, which had empathy and support, and it is very

interesting that before this law was actually implemented , the government and the ministry of economy actually welcomed it and provided the grounds for its implementation . as you can see from this introduction, article 138 of the constitution puts all regulations in the hands of the ministers . there are a few exceptions, and that is that it says that in matters that are specialized, they can be made up of assigning several ministers means that specialized issues do not need to take up the time of the entire cabinet . what is the need for this? the need is that, after all, financing by different institutions, by different tools , requires different applicants. in fact , it needs a community perspective. this is the example you gave, in order to enter to answer your question, finally, in an

island of the country's economic governance , the policy of balance sheet control is actually being established, which means that we will draw funding from the place of new money creation, and it is necessary that this policy is that on your side, the paths internal financing it means that the company can facilitate non-money-making financial transactions in the capital market . that the effects of these policies together actually show the necessity of this synergy and coordination. in regards to balance sheet control , exactly the same thing should actually happen, that is , when you actually use the facility growth tool , it means that your economic enterprise for i will provide you with less cash than before. the question of the economic site. now , if there are actually sites that are in the name of the manufacturer and we do not have a job, but finally a an economic enterprise that is using its working capital , well, with inflation, its costs will rise

, the question arises from where this conflict capital should be provided, there are no more than two ways, or finally, it must have internal financing, it must have internal financing. whether he will use his own profit or use the capital market route of corporate debt bonds, the expectation is that policies like this will actually create a big question mark on the financing of all companies. from now on, in the financing council , in fact, the side effects of this if the policies are thought to be conflicting policies, in fact, not only conflicting policies should not be implemented, but complementary measures should be considered for economic policies to see that despite the fact that balance control was finally an important and successful policy and we must defend it, but we must its message is to think and see how these consequences can be minimized . my prediction is that this law has provided the government with a platform and a proper rail

, that is, if the new government is actually established, and god willing, politics will actually discipline the government. continue liquidity and control the liquidity method now, unlike the previous government , it is no longer facing the challenges of coordination between the institutions, the lack of the necessary law for financing, not only is it not facing this challenge, but it is a hospital. among them, in fact, the agenda defined in this law is to facilitate financing based on securities. financing that does not need to create bank money. one of them is the increase of capital, as mr. doctor said, when it is actually necessary to increase the capital, the delay that companies have has actually been reduced in this law . many companies increase capital when france they will start much sooner to actually get the money they need to produce, through

corporate debt bonds, in fact, there have been facilitations that in fact companies can get bonds much more easily. i think that justice can prevail with this process, because you have the system , according to the explanation, we have a discussion of fragmentation, we also have a discussion of transparency, and if this happens , i think it can be implemented in line with this point. that came to your mind, i will give a brief explanation. you can see that the most important issue that a bank is actually facing is not a financial institution the power of information means that you go to the bank, if we assume that it is a healthy bank, now many of our banks are actually out of the description that i mentioned, but a healthy bank faces the challenge of how much mr. so-and-so earns, can he afford this education. repayment or not, in the countries of the world, the high interest rate discourages many people from going to the bank, but in iran , after all, for many years, the real interest rate

has been negative, which means that inflation has been negative, so it is attractive for everyone to go to the bank. the challenge is much more intense. well, that's why he saw fit there the taste of this comes in the middle and the problem of injustice and discrimination becomes serious. in this law, there are bases that were in your report, the problem is actually the collateral , the validation issue, the guarantee issue, the facilitation that happened in these areas will help a healthy bank that wants to correct because it is becoming a system, this process will be transparent, it will be completely monitored , well, as a rule, everything can be monitored, and sometimes, because a person from several places of education can't get an education at all, now with the education he believes in, with this transparency of the space you expect that discrimination less at least be a witness, provided that the bank wants to do the right thing, mr. karmi, let 's talk a little about these documents. after all, one of the problems of producers in receiving education

is the guarantee that banks ask and demand from them with this action. then we will see and exactly those guarantees, i think we have a wider range of documents. now , please explain about the guarantees that the bank can receive. your excellency raised the issue of inclusiveness finance and justice in having, in fact, the sources of financing should be used, this is the issue of the system. it makes a certain limited number of people to be able to use the facilities

, not only in terms of education, but also in other things, for example , let's assume that you go. you go to a store and they want to give you some resources, for example, they say that they must have a check, but not everyone has a check, or, for example, they have to go and get a promissory note , which means that this itself creates costs for the other party, and these checks again and again cause it is possible that not all people can use these resources . in this law, one of its articles deals with the same issue, that the document society system should be formed and approved by the national council. our financing is to declare that various assets can be pledged and can be credited and the ability to determine how much this value is and how much it can create credit for people. for example, suppose you are people who have gold in their own homes. or, for example, suppose that

the stock is going down, he has to solve a consumer need, in fact, he goes and sells his stock. now if they sell all the shares at once , it will actually disrupt the order and discipline of the market . you tell him no, you don't need to sell your shares. you can actually value your shares. it should be clear in this system. let it be known and go based on your shares and actually use credits or the work that needs credit anyway, or let's go at all, that fund has all of these based on the financial location, the amount of risk is measured in specific places. it is possible to maintain this asset , for example, now in the case of financial assets the central depository company is the place where our financial assets are registered. now, if we develop this, let's say what it means, for example , to get 500 million tomans from a bank , i have to go and

put an asset or a document, in fact, a property or an apartment of 10 billion tomans. then they tell me that this asset is locked until you pay back your last analysis and pay back your last installment. in this method, the model that is actually designed and we actually have it at the center in the ministry of economy, yes. we follow up on this it will be in the form that it actually comes and cuts this document into pieces and tells you that this property of yours is somewhere , it is connected to the document society system, and a certain amount of it is actually given as collateral, for example, one dong. tenth, it will be recognized as collateral and depending on how much you have to repay your education , it will be released and you can use it elsewhere.

can you identify this, you can use it as a guarantee, the same issue that your excellency said will lead to the fact that financial inclusion, which is referred to in the financial literature as financial inclusion and then it leads to the fact that justice in enjoying the facilities actually prospers in this, this is done to the need for a center of a uniform fabric. the car of mel's discussion is like this, mr. doctor . it means that those who keep this property should be connected to it. for example , central deposit is connected to this property

. it is connected to this system. you have gold. to connect to the system, see this, see, in fact, a structure and a working mechanism will be formed for it. i have to take my gold, for example, to a bank. or, for example , suppose that my salary slip or, for example , government employees, employees who actually work in offices in different places, in fact, have factories , the workers of these come and in fact, their salary is connected to this, and there are people such as brokers who in fact, you have a capital market , you refer to it, and brokerage work is actually buying and selling shares it will do you. in fact , there are also brokers that people refer to. khan asks , how should this process be carried out by someone who actually has a trustee who owns assets? now , so to speak, the long process will not be prolonged, or

i do not want to use the term bureaucracy, the process will not be long, no, now this organization has this mechanism. it will be created. you see, now we have a system called the star system in the ministry of economy. in its first step, this system is connected to the central depository company . other assets, for example, pay slips i would like to tell you that gold, for example , is actually a lot of banks, which we will not mention now , now in the program, for example, they are keeping gold , and they can actually introduce the amount of gold of individuals and persons who are loaned to them to the system. when it is introduced, then this system will remain and those who actually want to go to it to get education, and you have to find this day by day.

it shows that and this has been the concern of the legislator , by the way, it is not like this that we sit down and say, mr. bank, you should start giving analyzes or suppose that the capital market has undergone these reforms. why would a company that is actually doing productive work in this country come to this point where, for example, it can't realize its own development from its own accumulated profits, from its own operations

? this has been noted under the general terms that are actually seen in the duties of the council , i will give you an example. in the duties of the council, it is stated that all the obstacles that actually stand in the way of my financing from inside and outside, that is, he wants to go to the bank or from he should use his own profit. this council should enter . what is an example of this? what is an example of pricing? when you tell the company illogically that , sir, you should sell your product at this price, well, of course , if this company can actually continue its production, there are many examples , different programs can talk about the effects of this type of government intervention. how did it lead to inflation ? yes, but when it says to this company that you must sell your product at this price , it is not really logical. this price means that the wheels of that company are not turning. well, this company is forced to

go to the salaries of its employees. in this law , attention has been paid to this issue, which means that the council's duties have been developed in a way it is possible for him to be able to enter into these cases, that is , if an executive body, one of its officials got up in the morning and gave a directive that, sir, this product is like this, that action is like this . this is the decision of the middle director general of the ministry of home affairs and the ministry of economy, and if the ministry of home affairs that you mention wants to enter a parallel ministry of home affairs. in fact, it approves in the numbers of the interviews of the ministerial board. well, that means all the guarantees.