VOL. XLIII

No. 22

29-May-2000

AID

World Bank Approves $232Mn To Iran For Health And Sewage

Following several months of controversial debate over whether Iran should be eligible again for finance (MEES, 24 January), the World Banks Board of Directors finally approved on 18 May a loan of $232mn to the country. The Libor-based loan will be disbursed in a single currency and carry a maturity of 17 years, with a five-year grace period. The facility comprises two separate loans $87mn for the countrys...