Among 155 countries in a 2001 world survey, Iran under Khatami was 150th in terms of openness to the global economy. On the United Nations' Human Development scale, Iran ranked 90th out of 162 countries, only slightly better than its previous position at 97 out of 175 countries four years earlier. The overall risk of doing business in Iran improved only marginally from "D" to "C". One of his economic strategy was on the basis of absorbing foreign and domestic capital resources for privatization of the economy. Therefore, in 2001, the organization of privatization established. Also the government encourages people to buy shares in the private companies by providing incentives. Also Iran succeeded to convince the World Bank to approve loans totaling 432 billion dollar to the country.