Last Updated: Saturday, September 28, 2013, 15:14
The effect of this action will increase IBRD's income in the 2014 fiscal year starting July 1 by approximately $31 million. As of Friday, the remaining principal amount outstanding on IBRD loans to Iran is approximately $616 million, or 0.4 percent of IBRD's total outstanding loans, reported Xinhua citing the WBG in a statement.