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Iran, WB to cooperate in environmental projects

4 August 2014 10:11 (UTC+04:00)
Iran, WB to cooperate in environmental projects

World Bank representative Omar Bougara, in a meeting with Iran's Economics and Finance Minister called for more cooperation between Iran and the Bank, especially in environmental and social projects.

Ali Tayebnia, referring to visit of World Bank expert delegation to Iran in recent months, said Iran expects more cooperation from the World Bank, IRNA reported.

"Given Iranˈs position as a shareholder of the Bank, it is entitled to enjoy its shareholder rights," the minister said.

Tayebnia expressed regret over decreasing cooperation level between the two sides in the past several years, especially in the field of loans.

The minister added that legal advisor of the bank had already declared that international sanctions are not an obstacle to cooperation between Iran and the Bank.

Tayebnia said Iran expects an international specialized body, such as the World Bank, to be fast and efficient in its missions and our expectation is that in face of a human and social disaster, which is happening in Oroumeyeh Lake, our coordination take place faster.

He expressed hope that mutual cooperation between Iran and the World Bank could be expanded in the field of financial supply, too.

The Executive Director of the Bankˈs Department of the Middle East and North Africa, in turn, expressed the Bankˈs full readiness, especially the new chief of the department, to promote bilateral cooperation.

Referring to changes in the Bankˈs structure, Bougara expressed hope that the new structure could lead to promotion of ties between the bodies with member states.

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