Iran pays off all its debts to World Bank

Tehran, May 3, IRNA – Iran has already paid off all its debts to World Bank, Deputy Minister of Economic Affairs and Finance Behrouz Alishiri said on Saturday.
 Tehran is committed to facilitate foreign investment in Iran including the banking transactions, he noted.

Alishiri underlined that foreign investors are welcomed, noting that 800 foreign investors have already visited the country and announced readiness to investment in different fields since the ease of illegal anti-Iranian sanctions.

Iran resumed payments on old loans to the World Bank on September 2013.

Iranian government had announced that the sanctions had caused a delay in repaying the debts to the World Bank, which placed Iranˈs loans in the non-performing status.

All of the payments are for old loans, as Iran has not had a World Bank program since 2005.

By IRNA

 

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