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World Bank

World Bank allocates $90 million loan to Iran for fight against COVID-19

World Bank has approved the allocation of a $90 million loan to the Islamic Republic of Iran for its battle against the coronavirus disease, according to Ali Fekri, the Deputy Minister of Finance and Economic Affairs.

Society Economy

Iran urges World Bank to depoliticize examination of its business situation

Months after Iran private sector announced its objection to the way the World Bank is examining the country’s efforts to carry out economic reforms, an Iranian government agency has urged the group to refrain from politicized moves in evaluating the country’s business situation.

Macro Economy

Iran private sector critical of World Bank’s Doing Business report

Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has criticized the World Bank for its way of examining the country’s efforts to carry out economic reforms saying that the group has accepted only one item out of eight reform measures verified by the chamber and its local branches.

Iran Chamber

World Banks forecasts positive growth for Iran’s economy in 2021

The World Bank expects Iran’s economy to bounce back to growth in 2021 with 2.1% in GDP expansion after having experienced an estimated 5.3% contraction this year.

Macro Economy

Iran asks for World Bank loan to boost coronavirus fight

Iran says it has applied for a $50 million loan from the World Bank to help its health sector cope with the new coronavirus pandemic.

Macro Economy

World Bank reports major drop in Iran’s debts

The World Bank says Iran’s foreign debts rose slightly in 2015 but were still significantly lower than 2011 when the country faced a series of US-led sanctions.

Macro Economy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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