World Bank official pleased with progress in Iran's macro-economy

EghtesadOnline: World Bank Vice President Kyle Peters has expressed satisfaction with progress made in Iran's macro-economy, adding that talks with Iranian Economy Minister on the sidelines of the World Bank annual meeting in Washington D.C. has been a turning point in Iran's economic cooperation with the world.

News ID: ۷۳۷۴۵۰

11 October 2016

In a meeting with Iran's Minister of Finance and Economic Affairs Ali Tayyebnia in Washington D.C., Peters referred to the beginning of new relations of the World Bank with Iran since six months ago and said,' We have started the new round of cooperation with Iran based on Tehran's viewpoints, and we hope that the cooperation will increase quickly and upgrade to the level of financial cooperation and loan offers for Iran's infrastructural projects.'

Peters promised that the World Bank cooperation roadmap with Iran would be reconsidered quickly and pushed into programs of offering financial facilities to Iran, reports IRNA.

Meanwhile, Iran's economy minister referred to the removal of anti-Iran sanctions and said,' Our cooperation with the world Bank is age old and we want to use all potentials of this international financial institution to help Iran's economy in the framework of our own national policies.'

Expounding on the latest developments in Iran's economy, Tayyebnia stressed that Iran has been one of the founders and biggest share-holders of the World Bank, so Tehran expects the Bank to be committed to its obligations and accelerate its new cooperation.

He added that Iran has a positive look at international cooperation, but acts on the basis of its national requirements.

Tayyebnia also had another meeting with the Executive Vice President of International Finance Corporation (IFC) Philippe Le Houerou. IFC is a member of the World Bank Group and the largest global development institution focused on private sector development. The two sides discussed ways of using IFC's potentials to finance Iran's private sector projects.

The World Bank held its annual meeting on Oct 7-9 in Washington D.C. Iran's economy minister attended the meeting.