World Bank's program for new round of cooperation with Iran

EghtesadOnline: World Bank Vice President Kyle Peters has expressed satisfaction with progress made in Iran's macro-economy.

News ID: ۷۷۰۳۳۲

13 October 2016

Given the beginning of new round of cooperation between the World Bank and Iran since six months ago, Peters promised to expedite the cooperation roadmap with Iran.

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, reports IRNA.

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.