then through banks and financial institutions, if we want to take action, the conditions are very strict, especially in the issue of guarantees, or he should come and act on his credit conditions in such a way that he can breathe , lower his percentage and create a hope. production has its own pain point. let's not stop the production , the production will definitely go down, our opportunity in channel one has ended, i invite you to be a viewer of the economic desk on the news channel , you are a viewer of the economic desk, i want to introduce the guests of the program to you, mr. seyed mustafa habibullah, an expert of the center the researches of majlis and mr

hamidreza ghaznavi, the secretary of the entrepreneurs' forum who are present in our studio , mr. jafar qadri, the vice chairman of the economic commission , is also present in our shiraz studio, and we will be at his service during the program. please tell me the name of the person who is closely related to the production and its issues at the moment. the truth is that production financing is not the first priority in the country, despite the fact that the economy

is the country's first priority, considering that now the slogans of the year are economic and production issues. but the issue of financing as the first and most important issue of production is not always considered a priority. we see that, for example , there is 25 thousand billion tomans of compulsory education in the field of marriage, which is very obligatory , but no compulsory education is considered for production or, for example, banks 92 1000 billion tomans in providing facilities to the employees of having their own managers last year, which shows that the priority is the satisfaction of the bank managers, although they should be considered anyway, but the most important thing is wealth generation. not unless the production is speeded up and no country

industrialized and countries that have no other way but to industrialize, for example, like iran, which is now related to the issue of agriculture, well , we have a problem like getting old, our way is industrialization , there is no other way to produce wealth other than industrialization, and the way is this industrialization. in fact, you say that the way to industrialization is industrial policies, which cannot be implemented in our country. nowadays, industrial policies in many countries of the world, such as china, japan, india, england, brazil , the european union, all industrial policies are considered , and in industrial policy, the most important the factor is financial support, the latest statistics show that for example, yes, the united states has 369 billion dollars in grants to china's propulsion industry, 50 billion dollars for

european union's propulsion industries, 46 billion dollars for brazil, 60 billion dollars . so that their country does not fall into a crisis , their economy is dynamic and we do not achieve economic growth, do you think that the central bank is moving towards production , or does this capacity exist and is going, unfortunately , it is not coming, and last year was one of the worst years of the financial support of the central bank for production. to my estimate shows that the value of industrial production in 1402 was about 10 thousand hemats, and mining is about 11 thousand hemats, of which about 75% is related to institutions, which means we have to buy the raw materials for these parts and put them in the production line so that we can it had industrial products.

it should be brought, or the country's monetary and financial system should bring it. if it has to bring 75%, it will be about 6,000 hemats , which if it rotates twice a year , it will be about 3,000 hemats. allocated that from these 1700 to 1300 400 to the industry has reached and the rest is related to madan and other affairs. of these 1,300, it can be said that most of them have been returned, that is, the same loans that were previously available to the producer for working capital . extending them means how much money could be allocated. in your opinion , the financial tools that you just presented a report

on are very good financial tools that have been designed, but they have not been implemented yet, which means that the electron you mentioned is not at all. it is not structured in banks, promissory notes or other financial instruments that should be included in the so-called supply chain it is not included in the supply chain because the current bank has not prepared the necessary understanding, and all banks, as only one bank, cannot be involved because the producers have accounts in different banks, so it should be in all banks. these infrastructures should be implemented. these infrastructures have not been implemented. another issue is that the parent companies, such as foulad mobarakeh, like the egyptian company, which should accept the gam bonds at the top of the chain, do not accept these because the stock exchange used to accept these gam bonds. and they

used to discount it and could use the ability to criticize they can take advantage of this with a lower income and finance their financial expenses in this way. the stock market has already taken away this possibility from them and therefore the bonds are not taking any steps . therefore, this discussion of the financing chain has practically done nothing, the central bank and the sources. he has not considered another one for production. yes, mr. habibullah , i am at your service. god willing. he also did the finances in the name of allah, the most merciful, the most merciful. greetings, politeness and respect for you and all the viewers guests of the program, i would like to inform you that the inherent high inflation in our country, which is rooted in the imbalances of the country's macroeconomics in various sectors, in addition to the

real negative interest rate, has actually brought our credit market into a challenge, which is actually a challenge. the excess demand for credit and also the increase in the phenomenon of reverse selection by the banking network and perhaps other insurance institutions, and the necessary result of this is the increase in the risk of facilities, i would like to inform you that under these conditions, the financial system will be pushed in a direction where in fact, the islanding solution is not valid and it has to be after all, it will provide financial support to some people and deprive some people of this opportunity, and it is natural that in such a situation, the people related to our banking network are always prioritized for generalization of financing. besides, we have another problem

in the space. our macro-economy is also a matter of mandated pricing in many different products and in different markets, and this has caused our companies to not be able to support themselves from their own internal resources in the last year due to the fact that they are trying to control inflation. in fact, in the last two years, there was a policy of quantitative control the balance sheet was implemented, therefore, in fact, this implementation of the policy can be said that it was actually successful to some extent in terms of control. inflation caused the liquidity growth rate to increase from 38 in 100 to approximately 256 in the beginning of 1943. targeting a rate of 25% actually controlled some balance sheets

. it required that we have a monetary base growth policy in the banking market. in fact , the banks' need for reserves. in fact, it should be resolved , unfortunately, we did not witness the active policy of the central bank in the banking market. it was the central bank, if we in all the countries of the world, such as germany, japan, which apply this policy of quantitative control, we always associate this policy with development policies and credit management policies, so that they can actually eliminate this dispossession that is created. in the field of financial fraud , the solution you have is to cover the institutional environment and in fact, the financial infrastructure in our country

was not properly regulated, which in fact unconsciously increases the conflict between bonggah and financial extension institutions such as banks. the necessary result of this was that the banks did not want to financing of companies well, one of the necessary results of this was that we witnessed the phenomenon of outsourcing to many large companies that could easily not benefit from this bank facility in recent years due to the policy of controlling some balance sheet. and in fact , we witnessed the phenomenon of outsourcing. now , what is the solution that you are talking about, considering that there is also the issue of controlling inflation, so that we can control inflation and finance it? one of the basic ways, in fact , is the active policy, in fact, credit management by the central bank, which should be done

one of the other tasks is an active policy in the management of the monetary base, which the central bank should actually consider a development policy to inject the monetary base. it has no real effect in the real sector of the economy. in addition to that, last year , the islamic council passed a law , the law on financing production and infrastructure, which it specifically focused on. in fact, it is about reforming the institutional environment. the institutional environment is definitely ahead. he should correct his desire to speak, god willing we will go further, but let's go to shiraz, mr. qadri is with us, i said, the vice chairman of the parliament's economic commission. mr. qadri

, i am also at your service, i have the strength , please tell me why financing in our country is in trouble and what are the solutions, in the name of allah, the most merciful , the most merciful. greetings to his highness, dear and respected guests. excuse me for this voice, yes, greetings to his highness, dear guests and viewers , i thank you for the effort you put into as you mentioned, we have one of the problems and problems that we are facing in the society right now, on the one hand

, there is the central bank's policy of expansion and its pressure through controlling a certain amount of the bank's balance sheet and reducing liquidity in order to reduce inflation. on the other hand, in the situation where we have a problem and inflation problem, the demand of production units and companies for financing through the banking system, especially in a country like ours, which has a basic bank economy, a major part of the financing burden of the banking system increases , and in these conditions are serious problems for the unit has created products. from there , the contractors and groups that work with the government and the demand for their goods and services is the government sector because of the problems and problems we have in the government system and the payments that are not made on time have caused serious problems. to create production and for contractors and you can actually see that in this situation, the sector. our private sector , our non-governmental sector, is losing its ability day by day and serious problems are created for it. during the

past years, we have seen that not only our private sector has not grown that much, but it has found serious problems precisely because of these restrictions that working with the government system has created for him, his ability has weakened , so in the 11th parliament with the help of the 12th and 13th governments, as mr. dr. habibullah also pointed out in the previous production commission, which in this parliament as . the production support commission named your plan, the plan to support the financing of production and infrastructure , we turned it into a law to change the atmosphere and the institutions we created, and i believed that these institutions, including the national council of financing and diversity part of the institutions' vehicles

we have created a guarantee and in fact, our effort was to help remove the burden of financing banks from the banking system and to be able to use the capacity of the capital market and non-governmental sectors to finance banks , which fortunately, when the parliament and the cooperation that our friends at the research center had and the cooperation that the 13th government had and the group of experts that cooperated in this plan, a mature law came out of the parliament, which , god willing, can be the source of good developments in the future, and this law has a ritual. his letters are being compiled and are being tried in different areas over time

unravel the issues and problems that exist. he can fix it and we are in contact by phone with mr. ismail mohammadani, the director of the chain financing department of the central bank, mr. mohammad jani. i am at your service. the central bank, both last year and this year, is actually politics. in order to control inflation, please tell me what measures you have taken to control the liquidity, so that the production will see the least damage and the liquidity will be controlled. dear guests of the program and dear viewers , i would like to inform you that the issue of

liquidity and inflation control has been seriously on the central bank's agenda since 2019. and clearly for 1401 liquidity growth of 30% for 1425 and 23% for 143 was set. fortunately, in fact, the realization of these targets was also successful, so that the growth rate of niki's liquidity in 1401 was about 31% in 4002 , a little less than targeting 25 percent is about 243 and for this year 23. with this consideration , we should go towards diversifying the methods of actually financing the economy, if we want to do so sanvat and the past two decades regarding the financing

of companies, in fact , we want to continue the bank-oriented system. the next discussion is the need to increase the share of foreign investment financing, which fortunately is expected by the 14th government. specifically, the respected president recently emphasized this issue, considering that the annual gdp growth of 8% is targeted for the seventh plan, and this is definitely the realization of this. importantly, it will not be achieved with internal resources

, we must go to the textualization, the next issue we will return to the system itself. bank about the need now diversification of financing tools in the banking system , in spite of the amount control program that the central bank has had in recent years, now that the statistics have been presented, i can tell you that in 1402 , a total of 5,646 hemats were paid out of this amount, about 1,674 hemats to the sector. industry and mining were paid, and more than 30% of the education was paid to industry and mining. the important point of the central bank's approach is to use the capacity of the bank. yes, our relationship with mr. mohammad janani. mr. ghaznavi , you have heard mohammad jani's words to some extent, as far as his communication was actually established.

what do you think? there are some measures that have been implemented that say about 600 billion. now you give your opinion so that we can serve you again . according to the statistics i gave earlier, it needs about 170 working capital, only industry. well, if it is not provided now, we will not reach the same industrial production as before. also, the tools that i presented to you , please send them now. yes, our relationship is single. with mr. mohammad jani, director of the financing department central bank chain at your service.

he has focused on working capital, so that last year, 82% of the studies in the industry and mining sector were for financing the working capital of companies. this number was 76 for the whole economy. this procedure has continued this year. the first four months of the thousand. 4003 , in fact, the growth of education paid to various economic sectors is 21, and the share of education in working capital from the total paid to civil industry sector as the main productive sector is about 86. and all the banking network it has devoted itself to continuing to pay for education and financing the institutions, because the activities of the central bank and the banking network are not limited to facilities, in order to diversify the tools, in fact, the central bank

has paid attention to the development of chain financing tools and, basically, the tools below the balance sheet. the figures you mentioned are targeted for the year 1403. let's add to these figures 800 qats for this year. in fact, the financing of economic centers through riyal letters of credit is expected. it is not bad to report the performance of the body, for example, to have two step documents the experts of the program, which is facing a problem , made two or three observations that the stock exchange does not accept this statement. if you want the truth, i think you should be patient about it. the statement is not correct. now the promissory notes that are issued in the banking network are the promissory notes with the bank symbol. it is central. there are also gam bonds with the symbol of the capital market. fortunately , with the agreement we had with the capital market, the limit of gamel bonds that can be transferred to the capital market

has increased to the level of hamat, which means that it has accompanied us on the capital market. this is the saddle of benefits do they accept gamo papers or not? they don't accept gam papers from the chain. you can check now whether mamarkeh steel company accepts these or not. qaid basirah company will accept these or not. when these companies do not accept, the gam bonds will become obsolete because they will go to the stock market and discount them. well, these conditions are not available to them now, with 25% of the so-called things in the second chain. they accept it, but it is practically not profitable for this chain that wants to use oraq gam, let me explain this too. see oraq gam. in addition to being transferable to the market. capital has the ability to be transferred in chains , just as mr. doctor said, there is a point that we

should look at some of the charms of chain financing tools, if you want the reality, chain financial tools are new tools in the literature. these tools are working, they clearly point out the limitations of the development of this tool, the need for the cooperation of different fields, the technology-oriented nature of this tool, and some considerations. the central bank is trying with all these considerations. please deepen this tool specifically in fact, one of the offers and in fact the objections that we have predicted for the gam bonds has been submitted to the honorable board of ministers is the acceptance of gam bonds for debt at nominal prices by 8 executive bodies, which has also been welcomed by economic activists. specifically, tax debts for social security, water, electricity and gas and two or three other surpluses, which are a total of 8 executive bodies. this capacity is predicted to accept the steps of these 8 executive bodies, which not accepting until now means that it has already been discussed, not accepting until now, of course , don't be mistaken, financing the chain is one of the best methods.

yes, we also agree and we really support that these infrastructures should be prepared sooner, but look at how many years the discussion of the paperwork has been going on, we are still involved in the implementation of these issues, the problems that zinfa is having in this story today cannot be produced today with these issues. we want to solve it, if not, well , this is one of the best methods and it has really been used in the international field, and countries have solved their own problems, but today, the production problem cannot be solved with this tool, with these one, two or three financial tools. let me give you an explanation. see, first of all we are not going to have only a tool called gam for all financing issues, mr. yes

. i told him to solve all the financing problems of the companies . well, the education is helping with the high blood share that i have given you. this is how to explain that a total of 150 hemats of underline tools are planned, which i told you , there are 800 hemats of ezi and 350 hemats of gam, barat and factory? obviously regarding the letter of credit, we are ahead of the target, that is, based on the five twelfths ending in august, the performance is ahead of the targeted figures . regarding our step, due to the frequent changes in regulations and the discussion of systemic reforms, and some issues that are now actually reformed. the action that should have taken place in the capital market has not been approved yet, our performance is not satisfactory,

we hope. there were a series of reforms. in fact, the interactions we had with the stock exchange should lead to the conclusion that we have not solved that part yet. we are waiting for the board of directors of the stock exchange to make it easier. the process of acceptance of gam bonds in the capital market is another step that the infrastructures have not been completed. i mean, these are the regulatory infrastructures that the capital market should do to facilitate the acceptance. now , the acceptance is done in the capital market. that economic activists

in let me tell you this, one of the very good actions that took some time, the nature of the tools is really new, because it is technology-oriented , there are a lot of interactions and discussions of technology between devices. one of the important actions was the connection of the gam system to the commodity exchange this issue it has been finalized, now we are operating on a permanent basis through two banks. god willing, the entire banking network will soon be established. they can be connected to this, in fact , it is planned that the supplies that are now being made in the commodity exchange by the producers of various fields, including roshimi, egyptian steel and other industries, can be purchased using the company's step tool. by the end of the year, the target will be achieved, we hope. we want to accelerate the speed of issuance and performance of the bonds in the second 6 months and reduce the delays as

much as possible. if you allow me to make up for it , i would like to say something to mr. doctor. greetings i respect you, and i would like to thank you that the central bank has always responded to the need for financing the bonggah, what happened in the situation, in fact , controlling some of the balance sheet, instruments, step bonds, and others . the performance of these tools is below the line. it is and it is significant , we should pay attention because the fact is that institutional reforms are correct, there is time, but for today's needs of companies, the central bank must have active policies. i will just give you some numbers and figures. that the growth rate of our facilities in 14026 was approx. mashallah