Ahmadinejad, Chavez Stress Formation of Investment Fund

A02351924.jpgTEHRAN (Fars News Agency)- Iran’s Ahmadinejad and Venezuela’s Chavez in Caracas on Sunday said they were decisive to establish a strategic investment fund.

Speaking during a meeting which was also attended by the two countries’ foreign ministers, the two sides decided to set up a joint strategic investment fund, which they said is aimed at cutting financial ties with hegemonic and imperialist countries.

The two presidents further stated that once the plan is put into effect, a significant step will be taken for severing the financial and administrative relations of the founders or member states with the financial and administrative networks of the hegemonic and imperialist countries.

Chavez and Ahmadinejad also expressed the hope that with the launching of the said strategic investment fund, Iran-Venezuela would perceive new horizons for their mutual and regional ties and cooperation.

Also during the meeting, Ahmadinejad described the world monetary institutions as a tool in the hands of imperialism, reminding that the said institutions have produced destructive financial consequences in every point they have conducted an activity.

He further told his Venezuelan counterpart that the United States and Britain’s efforts to impose a psychological shock on the Islamic Republic through passing a resolution at the United Nations Security Council have resulted in nothing but failure.

“The United States and Britain assumed that ratification of a UNSC resolution would disturb the Iranian market, but the Iranian nation disregarded their illegal and illegitimate resolution and drove their efforts into failure,” the Iranian president underlined.

For his part, Venezuelan President Hugo Chavez stressed that his country will side with Iran in the latter’s nuclear issue under any kind of circumstances which may arise in future, and further voiced preparedness of Caracas to increase its ties with Iran beyond the present level.

“God Supports us and my faith in God is increasing on a daily basis,” Chavez stressed.

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