IsDB to Finance Iran’s Three New Projects
TEHRAN (Tasnim) – The Islamic Development Bank (IsDB) will finance three new projects in the Islamic Republic of Iran.
The annual meeting of the Islamic Development Bank (IsDB) kicked off in Saudi Arabia’s capital of Riyadh on Monday.
Talks on financing three new projects in Iran by the Islamic Development Bank is on the agenda of the meeting.
Iran’s Minister of Economic Affairs and Finance Ehsan Khandouzi, who has traveled to Riyadh, attended the annual general assembly meeting of the bank on Monday morning.
Khandouzi noted that it is the 50th establishment anniversary of the Islamic Development Bank as a major financial institution in the Muslim world.
The 57 member states of the organization use the facilities of the bank for infrastructural projects including energy, education, healthcare and treatment, he said, IRNA reported.
He went on to say that the Islamic Development Bank is the only financial institution that still helps finance development projects through the use of international credits.
Expert-level meetings will be held with the economy ministers of the member states, especially countries that have a key role in the economic interactions with Iran, including those in the Middle East and North Africa (MENA), Khandouzi added.
