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Iran to pay $ 10m loan to 7 states

Aug 21, 2005

Cabinet on Sunday approved payment of a 10-million-dollar grant to seven states upon a proposal of the foreign ministry.

According to public relations department of ministry of economy and finance, the grant will be provided from development credit fund.

Based on the cabinet’s approval, Iran will grant 2.5 million dollars to Tajikistan, two million dollars to Iraq, 1.5 million dollars to Niger, 1.5 million dollars to Guinea, 1.5 million dollars to Mali, half a million dollars to Armenia and half a million dollars to Georgia.

The credit will be allocated to the states for completion of Anzab tunnel in Tajikistan, Iraq’s reconstruction, renovation of gas transfer pipeline to Georgia and implementation of development projects in four other countries.

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