VOL. XXXIV

NO. 7

19-NOVEMBER-1990

Financial and Banking News

Budgets & Revenues

Iran Plans World Bank Borrowing, but Objections Remain to Foreign Loans

The curious statement by Iran's Central Bank Governor, Mr. Mohammad HosseinAdeli, that his country is to receive long-term concessional loans from the IMFhas received widespread and uncritical coverage in western media, despite itsobvious confusion of the IMF and the World Bank. The BBC's Summary of WorldBroadcasts, citing a report on the...