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Iran's 'resistance economy' faces new tests in 2021

Tuesday, May 18, 2021

Significance

At the same time, the June 18 presidential election campaign is beginning, with top judge Ibrahim Raisi registering as a favoured candidate. Heading a high-profile anti-corruption campaign, Raisi has been a strong advocate of Supreme Leader Ali Khamenei's 'resistance economy' policy to undermine sanctions by supporting domestic production.

Impacts

  • Effective legislation to manage conflicts of interest, including of officials' family members, will likely remain blocked.
  • Local business interests that would benefit from more global links may have a strong voice even under a conservative government.
  • The Islamic Revolution Guard Corps will keep a firm grip on the infrastructure sector.

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