He made the remarks in a meeting with Governor of Central Bank of Iran Valiollah Seif on the sidelines of the IMF-World Bank Annual Meeting in Washington.

Shinohara described the Iranian administration’s economic achievements as great and noticeable.

He also hailed Iran’s success in bringing the inflation rate down and promoting economic growth.

“The Iranian administration will surely be able to attain greater achievements through the planned process,” Shinohara said.

He expounded that reaching the economic goals would require ‘coordination’ among all sections of the government, stressing details of the executive plans should be implemented step by step.

Seif briefed Shinohara on the latest economic developments in Iran including the decrease in inflation and unemployment rate as well as the growth of country’s economy in various fields and the implementation of subsidies reduction program.

The Statistical Center of Iran (SCI) said on Friday Iran’s unemployment rate dropped to a single–digitfigure this summer.

According to the latest SCI figures, the number of jobless people dropped to 2.2 million, or 9.5 percent of the working population, between June 22 and September 22.

The report shows that unemployment rate among the youth (aged between 16 and 24) reached 22.9 percent—more than twice the figure for other age groups.

The data further indicated that services sector accounted for 47.4 percent of the employment with the industry sector making up 33.6 percent and agriculture sector 19 percent.

Unemployment rate for the second quarter of 2014 was 10.7 percent.

This comes after the Central Bank of Iran (CBI) announced last month that the economy has recorded positive growth for the first time in two years.

The CBI figures showed the economy grew 4.6 percent in the first quarter of the current Iranian year (started March 21, 2014).

Iran’s economic growth rate turned positive after the country experienced months of stagflation, suffering negative economic growth combined with rising inflation.

On September, President Hassan Rouhani said the Islamic Republic will witness an inflation rate far below the 20 percent recorded in the year to March.

The CBI governor and a high-ranking delegation of economic officials, headed by Economy Minister Ali Tayyeb-nia, left Tehran for Washington on Friday to participate in the annual IMF-World Bank meeting on October 10-12.

Each year, the gathering brings together central bankers, ministers of finance and development, private sector executives, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

The annual spring and autumn meetings are held in mid-April and mid-October respectively in Washington, and every three years a member country hosts the annual summit.

Headquartered in Washington, the IMF is an organization of 188 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.