The World Bank said Tuesday it was not currently looking to finance any projects in Iran, responding to Iranian government comments that the World Bank was considering financing railway electrification in the country.
The head of Iran’s regional railway authority, Yusef Geranpasha, was quoted as saying by state news agency IRNA on Tuesday that the World Bank had agreed to provide 1 billion euros ($1.18 billion) to electrify the rail network in Iran.
“We are not considering financing any projects in Iran right now,” a World Bank spokesman said.
Geranpasha had said the World Bank loan was related to a 1.2 billion euro deal that Russia and Iran signed in November 2015 to electrify the Garmsar to Inche Burun route in Iran.
- Financing, fundraising opportunities for growth during pandemic
- IMF projects global economy to grow by 6% in 2021 and 4.4% in 2022
- Nigeria moving behind with planned oil search resumption in Sokoto Basin…
- CBN receives court order to freeze 11 bank accounts in FCMB
- Kenya and Ethiopia win big at 2021 Access Bank Lagos City Marathon
Frontpage February 16, 2021