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Islamic Finance Briefing - Categorized | Banking, Finance more

IDB allocates US$710 mln for infrastructure projects in Iran

Posted on 17 October 2012

The Islamic Development Bank (IDB) has approved a US$710-million loan for Iran to implement four projects. Iranian Deputy Energy Minister Mehdi Samareh-Hashemi said that the loan will be used in establishing treatment plants at upstream areas around dams and rural regions to prevent environmental pollution.
Iran and IDB reached the agreement during the sidelines of the IMF annual meeting in Tokyo, TREND news agency quoted a report from Iran’s news agency IRNA………………………………………..Full Article: Source

 
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