Membership in SCO: A Boost for Foreign Investment in Iran


Finance and Economic Affairs Minister of Iran, Ehsan Khandouzi, expressed optimism about the country’s prospects for attracting foreign investment following its membership in the Shanghai Cooperation Organisation (SCO) and BRICS.

During the 24th edition of the Iran Media Expo in Tehran, Minister Khandouzi highlighted the potential benefits of Iran’s participation in these influential economic organisations. He emphasised that the legal preparations for the membership of Iran in SCO and BRICS are underway, with expectations of significant achievements in the upcoming year.

Iran’s recent accession to the BRICS economic organisation, comprising Brazil, Russia, India, China, and South Africa, marks a crucial milestone in its efforts to navigate through U.S. sanctions. Additionally, joining the SCO, alongside countries like China, Russia, and India, opens new avenues for economic cooperation and investment opportunities.

Minister Khandouzi reiterated the commitment of Iran to controlling inflation and enhancing purchasing power. He emphasised the continuation of inflation control policies, both in monetary discipline and government budget management, aiming to reduce inflation rates further.

With international and domestic institutions forecasting a decline in inflation, Iran remains hopeful for positive outcomes that will benefit its citizens and bolster the country’s economic resilience.