[LINK] "Iran Seeks $150 Billion to Target 8 Percent Annual Growth"

[rfmcdonald]

Bloomberg's Kambiz Foroohar notes Iranian aspirations for booming post-sanctions growth.

Iran needs $150 billion of investment to reach 8 percent growth a year and lower youth unemployment, President Hassan Rouhani said in an address to Iranian-Americans in New York on Saturday.

Last year, Iran created 700,000 new jobs, short of the 800,000 needed for new entrants to the job market, said Rouhani, who is in New York to address the United Nations General Assembly. He was appealing to the Iranian diaspora for greater involvement in the country.

Iran and six world powers reached an historic agreement on July 14 in Vienna to curb Iranian nuclear ambitions in exchange for the easing of international sanctions. The accord survived a 60-day review by the U.S. Congress and is now being examined by the Iranian parliament.

In another part of his speech, Rouhani said Iran offered stability in a region that had witnessed wars, revolutions and natural disaster.

“In the past we used to export oil; now we export security,” Rouhani said. “Many countries in the region look to Iran’s help to defeat terrorists.”