Islamic Development Bank grants $3 billion for Iranian economic reforms

Iranian Minister for Economy and Finances Ali Tayebnia said that the Islamic Development Bank (IDB) granted Iran $3 billion for economic projects, Trend reports.

Tayebnia attended a session of IDB ministers in Jidda and explained the purpose of the loan. He did not clarify the exact fields where the money will be used. The IDB has been granting money for railway construction, environmental projects, development of roads.