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                                        Volume. 11981

WB, IDB provide €2.2b financing for Iran’s water, wastewater projects: official
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TEHRAN – Iran is implementing water and wastewater projects, valued at €2.2 billion, using World Bank (WB) and Islamic Development Bank (IDB) financing.
At present, wastewater treatment plants are being established in 93 villages across the country funded by the Islamic Development Bank, the Mehr News Agency quoted Iranian Deputy Energy Minister Hamidreza Janbaz as saying on Friday.
 
On April 14, Iranian Finance and Economic Affairs Minister Ali Tayyebnia called the World Bank to provide the country with financial assistance to implement development projects.
 
In a meeting with World Bank Vice President for the Middle East and North Africa Inger Andersen on the sidelines of the IMF/WB Annual Spring Meeting in Washington, Tayyebnia said the World Bank should help Iran financially implement environmental protection, road safety, and natural disaster management projects.
 
The World Bank forecasted in its Global Economic Prospects report that Iran’s gross domestic product (GDP) will grow by 1 percent in 2014.
 
In September 2013, the World Bank removed Iran from its list of deadbeat borrowers, saying the Islamic Republic had paid outstanding loan amounts.
 
The Bank said that its key lending unit, the International Bank for Reconstruction and Development, "has moved all loans to the Islamic Republic of Iran from non-performing status to performing status following the payment of all overdue amounts on these loans."
 

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