The Iranian Parliament have given a vote of confidence to a new economy minister nominated by President Masoud Pezeshkian.
During the Parliament’s session on Monday, the lawmakers endorsed Ali Madanizadeh as the new head of Iran’s Ministry of Economic Affairs and Finance.
Madanizadeh won 171 out of 246 votes cast in the confidence ballot in the 290-seat legislature. Some 67 voted against, while 8 abstained.
On June 1, the Iranian president officially nominated Madanizadeh as the new economy minister to the Parliament.
Iranian lawmakers on March 2 impeached and voted to remove Minister of Economic Affairs and Finance Abdonnasser Hemmati from office over economic woes and the sharp devaluation of the national currency.
Born in 1982, Madanizadeh is an associate professor of Economics at Sharif University of Technology.
He holds a master’s degree in electrical engineering from Sharif University of Technology, a master’s degree in computational mathematics from Stanford University, and a doctorate in economics from the University of Chicago.
Madanizadeh is the chairman of the Graduate School of Business and Economics at Sharif University of Technology. His areas of expertise include macroeconomics, monetary and fiscal policies, international trade, and industrial structures, topics that play a central role in both his teaching and research.
