Monday, January 30, 2023

Politicizing approach towards Iran to hurt World Bank’s credit

Iran’s economy minister took a swipe at unfair sanctions and the politicized approach of the World Bank toward Iran.

“By politicizing its approach towards Iran the World Bank will put at stake its international credit,” Iran’s economy minister said, addressing 2014 annual meeting of International Monetary Fund and World Bank Group.

Ali Tayyebnia, who was addressing a joint session of the IMF and the WB, made the comment after he elaborated on President Hassan Rouhani’s economy team’s success in harnessing rapid inflation and curbing economic recession.

He, meanwhile, criticized the unjustly imposed sanctions that mainly target the Iranian nation and highlighted the importance of the Iranian government’s achievements in that field under such conditions that oppression and injustice, aggression and extremism, poverty and discrimination have affected the world economy negatively.

“The presence of the extremist and terrorist groups, especially in the Middle East and North Africa has not only seriously threatened peace and stability in those regions, but has also put at stake the required conditions for economic development and campaign against poverty in a vast part of the world,” he said.

Tayyebnia also held a meeting with Iranian expatriates working for the IMF and the World Bank, and explained about the government’s plans to improve the country’s economy.

Tayyebnia and Governor of the Central Bank of Iran Valiollah Seif traveled to Washington on Wednesday to participate in the 2014 annual meeting of the IMF and the World Bank Group.

The 2014 Annual Meetings of the International Monetary Fund and the World Bank Group are held in Washington, D.C. from October 10th to 12th.

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