4/3/2017 12:00:00 AM - 14:32
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Official: Iran Resumes Cooperation with Int'l Financial Institutions
"Organization for Investment Economic and Technical Assistance of Iran (OIETAI) has taken steps to resume cooperation with international financial institutions after the implementation of the Joint Comprehensive Plan of Action (JCPOA)," Head of OIETAI's Office for Loans and International Institutions Saeed Khani Oshani said.
Khani Oshani reiterated that Iran has become member of the international institutions in the post-sanctions era.
The official noted following the nuclear deal and efforts of the Iranian government, the World Bank gradually announced that it would continue cooperation with Tehran.
Khani Oshani said that Iran has also become member of the Asian Infrastructure Investment Bank (AIIB).
He said that the international institutions could directly pay funds to Iran, adding, "The granting of loans could take place through identifying the projects."
The deal, officially titled the Joint Comprehensive Plan of Action, was reached after hard diplomatic work by Tehran and the six world powers.
Under the accord, all nuclear-related sanctions on Iran were terminated, and Iran in return agreed to apply certain limits to its nuclear program and provide enhanced access to international monitors to its nuclear facilities.