Iran, World Bank to sign CAS in Sept.

August 1, 2007 - 0:0

TEHRAN – The head of the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) announced here on Tuesday that Iran and the World Bank (WB) are to sign a Country Assistance Strategy (CAS) in September.

Behruz Alishiri added that Iran has had over $10 billion worth of foreign investment in the first quarter of the Iranian calendar year (started March 21).
Despite the vast fluctuations in Iran-World Bank cooperation over the years, there are plans to implement projects valued at $3-4 billion in the near future, he said.
Iranian expatriates can acquire a significant share in foreign investment, he observed, adding that efforts were made during the last Iranian year to facilitate such investments.
The CAS is the fundamental World Bank document, which outlines the Bank’s policy and strategy of assistance to a country, covering a short period usually of three to four years