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Iran cabinet approves payment of $10m grant to 7 countries

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  • Iran cabinet approves payment of $10m grant to 7 countries

    Asia Pulse
    August 22, 2005 Monday

    IRAN CABINET APPROVES PAYMENT OF US$10 MLN GRANT TO 7 COUNTRIES

    TEHRAN


    Iran's Cabinet on Sunday approved payment of a US$10 million 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 US$2.5 million to
    Tajikistan, US$2 million to Iraq, US $1.5 million to Niger, US$1.5
    million to Guinea, US$1.5 million to Mali, US$0.5 million to Armenia
    and US$0.5 million 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.

    From: Emil Lazarian | Ararat NewsPress
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