TEHRAN – Iran has every right to utilize the new programs offered by the Islamic Development Bank (IDB), noted here on Monday, the managing director of Iran’s Export Development Bank.

As the fourth largest stockholder and one of the important members of the IDB, Iran has every right to utilize the new programs offered by the bank for its development objectives, Tahmasb Mazaheri said.

Through the loans offered by the IDB, Iran has been able to reconstruct the devastations resulted from the natural disasters brought upon the nation during the recent years, commented the Iranian official addressing a meeting held in Tehran, on the challenges facing Iran’s economy. In order to the member countries to be able to offer services to other nations of the world, they should familiarize themselves with the up-to-date data and technologies

The IDB is tasked to through the help of its 56 member states, contribute to the economic and social development of its members countries.