TEHRAN (PIN) -- A new report by the World Bank says the bank owes Iran $818m out of $1,355b approved in aid to the country.

This sum was okayed by the WB in the form of financial facilities for nine projects, Fars News Agency reported.
The WB approved nine payments for nine different projects from 2003 to 2005. All these schemes are being implemented the news agency said.
Of the total sum of $1,355b some $537m has been paid out and some $818m has yet to be allotted.
According to the report, the last installment is dedicated to the Alborz Water and Soil Conclusive Management Project and should be paid by October 2012.