Politicizing Approach Towards Iran To Hurt World Bank’s Credit

Washington, Oct 12, IRNA – By politicizing its approach towards Iran the World Bank will put at stake its international credit, Iran’s Economy Ministers said, addressing 2014 annual meeting of International Monetary Fund and World Bank Group. Ali Tayyebnia who was addressing the fall season joint session of the IMF and the WB made the comment after elaborated on President Hassan Rouhani’s economy team’s success in harnessing the rapid inflation rate coupled with economic recession. He meanwhile criticized the unjustly imposed sanctions that are mainly targeting 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 is held in Washington, D.C. from October 10th to 12th. Economic conferences in the presence of senior officials from the International Monetary Fund and the World Bank Group, the meeting of economy ministers of member states, the 29th meeting of International Monetary and Financial Committee and the meeting of Development Committee top the agenda of the event./end