The effect of this action will increase IBRD's income in the 2014 fiscal year starting July 1 by approximately USD 31 million. As of Friday, the remaining principal amount outstanding on IBRD loans to Iran is approximately USD 616 million, or 0.4 percent of IBRD's total outstanding loans, a Chinese news agency reported citing the WBG.

The bank currently does not have a programme for Iran and all projects referenced above are closed. IBRD complies with UN sanctions and international sanctions and is consistent with US laws and regulations concerning Iran.


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