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In early July 2015, President Hassan Rouhani published an open letter to First Vice President Eshaq Jahangiri, declaring his intention to undertake "structural reforms" in the Iranian economy.The Islamic Revolutionary Guard Corps (IRGC) sees foreign – especially Western – investments not only as a potential threat to the country's national security, but also to the guards' control of the private sector, which they have used for several years to manipulate the economic scene.This would exceed the $157 billion in foreign investments that Mohammad Bagher Nobakht, the president's adviser for Supervision and Strategic Affairs, expects Iran to secure for its 2016-2021 five-year developmental plan – which predicts an economic boom following the nuclear deal and sets targets for investment, employment, exports and other economic indicators accordingly.The IRGC was awarded an estimated 10,000 projects between 2006 and 2013 .Although the IRGC is generally opposed to foreign investment, they are likely to reach an agreement with the Rouhani administration.Rouhani's administration faces the challenge of how to give IRGC conglomerates roles in upcoming mega economic schemes while keeping them in check. To keep the financial sector healthy, Rouhani's administration needs to control but not undermine the IRGC's economic arms.
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