Efficient development banks are a precondition for industrial and economic development

According to the Iran Economist, quoting the information base of the Bank of Industry and Mines, he said: “Supporting infrastructure projects and small and medium projects in less developed areas with the aim of creating balanced development and eliminating deprivation and sustainable employment, developing non-oil exports.” In terms of sanctions and support for water supply projects required by industries and the agricultural sector, such as the establishment of desalination plants and watershed management projects due to the arid climate of the country and water shortage in most areas; Also, financing of consumption optimization projects and agricultural mechanization and packaging of products with the aim of preventing the loss of agricultural products and increasing their quality and preventing the loss of water and soil resources, are among the specific and priority objectives of the Bank of Industry and Mines investments. Which has a very effective role in the development of the country and requires special attention and support from government institutions and the country’s financing.
Dr. Mehri further added: in increasing the share of innovation in the country’s economy and creating knowledge-based units, the use of renewable and environmentally friendly energies and the development and operation of strategic plans should be to the expertise of development banks in general and Sanat Bank And the mine should be given more attention and trust in particular, because the mission of development banks is targeted and directed financing, in addition to continuous monitoring and participation in the process of project implementation and providing expert advice in all technical and financial areas of projects; Undoubtedly, appreciating this important principle, the orientation of the country’s development banks focuses on issues that are a vital need of the country’s economy now and in the future and is one of the main concerns of investors, craftsmen and the banking system.
“Development banks all over the world are banks that are mainly established by governments and operate with public sector resources, and although they themselves have resources, but because profitability is their main goal,” said the CEO of the Bank of Industry and Mines. And the nature of their investments is long-term with a longer payback period, they need to be supported to be more efficient and increase the capital adequacy ratio. Of course, these banks should also be more effective in advancing their goals by increasing the efficiency of human resources, focusing on the main activity and abandoning ancillary activities, selling surplus property and leaving the business, reducing overdue receivables and allocating the resources available to them optimally. To act.
Dr. Mehri reminded: “Increasing the geographical and thematic scope of development banks’ activities and increasing their financing power and their more effective role in the country’s economy depends on the government’s and society’s view of development banks as institutions that can implement development strategies.” O country and the policies of the central bank and play a positive and significant role by collecting liquidity and stray capital to reduce inflation and direct them to the productive sector to exit the recession and reduce unemployment.
In the end, he said: “In all countries in times of financial crisis, it is the development banks that have come to the aid of governments and provide the way out of the crisis by financing and investing in vital sectors and supporting businesses.” In order to play such a role, the supervisory and legislative bodies must also fundamentally revise the regulations governing these banks and pay special attention to the fundamental distinction between their missions, goals and functions and those of other banks, because these banks sometimes Participate in projects that the private sector or commercial banks are not interested in due to special circumstances and economic inefficiency, or require huge financial resources and at the same time play a vital role in the development of the country.
According to the information base of the Bank of Industry and Mines, he stated: Supporting infrastructure projects and small and medium projects in less developed areas with the aim of creating balanced development and eliminating deprivation and sustainable employment, developing non-oil exports in the face of sanctions and support Among the water supply projects required by industries and the agricultural sector, such as the establishment of desalination facilities and watershed management projects due to the arid climate of the country and water shortage in most areas; Also, financing of consumption optimization projects and agricultural mechanization and packaging of products with the aim of preventing the loss of agricultural products and increasing their quality and preventing the loss of water and soil resources, are among the specific and priority objectives of the Bank of Industry and Mines investments. Which has a very effective role in the development of the country and requires special attention and support from government institutions and the country’s financing.
Dr. Mehri further added: in increasing the share of innovation in the country’s economy and creating knowledge-based units, the use of renewable and environmentally friendly energies and the development and operation of strategic plans should be to the expertise of development banks in general and Sanat Bank And the mine should be given more attention and trust in particular, because the mission of development banks is targeted and directed financing, in addition to continuous monitoring and participation in the process of project implementation and providing expert advice in all technical and financial areas of projects; Undoubtedly, appreciating this important principle, the orientation of the country’s development banks focuses on issues that are a vital need of the country’s economy now and in the future and is one of the main concerns of investors, craftsmen and the banking system.
“Development banks all over the world are banks that are mainly established by governments and operate with public sector resources, and although they themselves have resources, but because profitability is their main goal,” said the CEO of the Bank of Industry and Mines. And the nature of their investments is long-term with a longer payback period, they need to be supported to be more efficient and increase the capital adequacy ratio. Of course, these banks should also be more effective in advancing their goals by increasing the efficiency of manpower, focusing on the main activity and leaving aside ancillary activities, selling surplus property and leaving the business, reducing overdue receivables and optimally allocating the resources available to them. To act.
Dr. Mehri reminded: “Increasing the geographical and thematic scope of development banks’ activities and increasing their financing power and their more effective role in the country’s economy depends on the government’s and society’s view of development banks as institutions that can implement development strategies.” O country and the policies of the central bank and play a positive and significant role by collecting liquidity and stray capital to reduce inflation and direct them to the productive sector to exit the recession and reduce unemployment.
In the end, he said: “In all countries in times of financial crisis, it is the development banks that have come to the aid of governments and provide the way out of the crisis by financing and investing in vital sectors and supporting businesses.” In order to play such a role, the supervisory and legislative bodies must also fundamentally revise the regulations governing these banks and pay special attention to the fundamental distinction between their missions, goals and functions and those of other banks, because these banks sometimes Participate in projects that the private sector or commercial banks are not interested in due to special circumstances and economic inefficiency, or require huge financial resources and at the same time play a vital role in the development of the country.
According to the information base of the Bank of Industry and Mines, he stated: Supporting infrastructure projects and small and medium projects in less developed areas with the aim of creating balanced development and eliminating deprivation and sustainable employment, developing non-oil exports in the face of sanctions and support Among the water supply projects required by industries and the agricultural sector, such as the establishment of desalination facilities and watershed management projects due to the arid climate of the country and water shortage in most areas; Also, financing of consumption optimization projects and agricultural mechanization and packaging of products with the aim of preventing the loss of agricultural products and increasing their quality and preventing the loss of water and soil resources, are among the specific and priority objectives of the Bank of Industry and Mines investments. Which has a very effective role in the development of the country and requires special attention and support from government institutions and the country’s financing.
Dr. Mehri further added: in increasing the share of innovation in the country’s economy and creating knowledge-based units, the use of renewable and environmentally friendly energies and the development and operation of strategic plans should be to the expertise of development banks in general and Sanat Bank And the mine should be given more attention and trust in particular, because the mission of development banks is targeted and directed financing, in addition to continuous monitoring and participation in the process of project implementation and providing expert advice in all technical and financial areas of projects; Undoubtedly, appreciating this important principle, the orientation of the country’s development banks focuses on issues that are a vital need of the country’s economy now and in the future and is one of the main concerns of investors, craftsmen and the banking system.
“Development banks all over the world are banks that are mainly established by governments and operate with public sector resources, and although they themselves have resources, but because profitability is their main goal,” said the CEO of the Bank of Industry and Mines. And the nature of their investments is long-term with a longer payback period, they need to be supported to be more efficient and increase the capital adequacy ratio. Of course, these banks should also be more effective in advancing their goals by increasing the efficiency of human resources, focusing on the main activity and abandoning ancillary activities, selling surplus property and leaving the business, reducing overdue receivables and allocating the resources available to them optimally. To act.
Dr. Mehri reminded: “Increasing the geographical and thematic scope of development banks’ activities and increasing their financing power and their more effective role in the country’s economy depends on the government’s and society’s view of development banks as institutions that can implement development strategies.” O country and the policies of the central bank and play a positive and significant role by collecting liquidity and stray capital to reduce inflation and direct them to the productive sector to exit the recession and reduce unemployment.
In the end, he said: “In all countries in times of financial crisis, it is the development banks that have come to the aid of governments and provide the way out of the crisis by financing and investing in vital sectors and supporting businesses.” In order to play such a role, the supervisory and legislative bodies must also fundamentally revise the regulations governing these banks and pay special attention to the fundamental distinction between their missions, goals and functions and those of other banks, because these banks sometimes Participate in projects that the private sector or commercial banks are not interested in due to special circumstances and economic inefficiency, or that require huge financial resources and at the same time play a vital role in the development of the country.