Iran to receive $50 million loan from World Bank to fight COVID-19

The World Bank (WB) will provide Iran with a $50-million loan to support the country in fighting coronavirus.

“For the first time since 2005, we will receive a loan worth 50 million dollars from the World Bank. Preliminary measures have been taken by related bodies such as the Central Bank,” deputy health minister Kamel Taqavinejad said, ISNA reported on Saturday.

"Moreover, the Islamic Development Bank is going to provide us with another loan worth 130 million euros for buying medical equipment,” he added.

Source: Tehran Times