Iran, World Bank to hold talks on implementation of 8 projects

October 20, 2007

TEHRAN, Oct. 19 (MNA) -- The Iran Foreign Investment Company is scheduled to hold talks with the World Bank on receiving facilities for the implementation of eight new projects in the country in the near future, IFIC official Mohammadreza Pakbaz said here on Friday.

“We might discuss the implementation of all or some of the projects with the World Bank,” Pakbaz added.
He stated that Iran will discuss further cooperation with the World Bank at the IMF and World Bank summit in Washington next week.
At the moment, Iran is implementing nine World Bank-facilitated projects valued at $1.365 billion, including water treatment and water management projects in Shiraz, Ahvaz, and Tehran and the reconstruction of Bam, he added.
The World Bank prepares a Country Assistance Strategy (CAS) for active borrowers from the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD).
The CAS identifies the key areas where the Bank Group’s assistance can have the biggest impact on poverty reduction.
This is the third three-year Country Assistance Strategy for Iran; it will identify feasible projects in the Islamic Republic, and then an agreement to provide facilities for the implementation of the projects will be signed, Pakbaz explained.
The CAS is meant to help Iran advance key policy reforms and the development objectives of the Fourth Five-Year Socioeconomic Development Plan.
In April 2001, the World Bank adopted an Interim Assistance Strategy for Iran.
The strategy was developed in close partnership with the government of Iran and serves as a roadmap for World Bank assistance to the country. It seeks to update the current development situation in Iran, reports on the progress of the process of reforms, and highlights the development challenges and prospects faced by the country