Iran's Economy Minister Seyyed Ali Madanizadeh has accused foreign adversaries of waging "economic terrorism" against the Iranian people, targeting vulnerable groups including cancer patients and children, as the government rolls out emergency measures to combat inflation and stabilize markets.
In a wide-ranging interview with state media, Madanizadeh acknowledged the severity of the country's economic challenges but rejected simplistic solutions, noting that many problems predate current tensions. He specifically cited disruptions to medicine imports, revealing that while alternative supply routes were eventually secured, prices inevitably rose during the transition.
"Today they target patients, children, and even infant formula by blocking supply routes," Madanizadeh stated, framing the economic pressures as a deliberate hostile campaign. While insisting Iran does not seek conflict, he warned that the Islamic Republic would confront any aggression—whether military or economic.
The minister outlined the government's three-tier emergency strategy: controlling inflation, protecting employment, and securing essential goods. He acknowledged the public's hardship while praising their resilience, stating Iranians "accept economic hardship but will not tolerate humiliation."
A comprehensive trade facilitation package aimed at removing production barriers and streamlining licensing is awaiting cabinet approval, according to Madanizadeh. He also announced the transformation of the Foreign Investment Organization into the Iran Investment Organization, tasked with identifying and eliminating obstacles to domestic and foreign investment.
On energy, the minister highlighted public cooperation in consumption management, reporting that annual growth rates of 6-7% have been reversed in some sectors. The government plans to modernize power plants and expand renewable energy through private sector incentives rather than direct state funding.
Madanizadeh emphasized coordination within the government's economic team and with parliamentary committees, while cautioning against making specific promises. "I cannot promise a specific number," he said, "but I give my word that the government's full effort will focus on controlling inflation and preventing hyperinflation."
Calling for elite participation, the minister urged economists and business leaders to contribute implementable solutions, promising to adopt 100% of actionable proposals.
