Middle East Economic Survey

VOL. XLVII

No 45

8-November-2004

IRAN

AID

World Bank Lends Iran $220Mn For Earthquake Reconstruction

The World Bank on 28 October approved a $220mn loan to finance Irans reconstruction efforts following the 28 December 2003 earthquake in the southeastern city of Bam. The four-year Bam Earthquake Emergency Reconstruction Project will help restore housing with improved safety standards, finance the rehabilitation and reconstruction of telecommunication and transport...