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World Bank experts survey Bam's need for loan allocation

A group of experts dispatched by the World Bank authorities, in a meeting in Bam on Monday surveyed the extent of the quake-leveled Bam city's need to foreign loan allocation, IRNA reported.

Present in the meeting, held at the International Arg Hotel of the mostly destroyed Bam historic citadel, and sponsored by the Islamic Revolution Housing Foundation, were the head of Iran's Natural Disasters Research Center and the Governor General of Kerman Province.

The Kerman Governor General Mohammad-Ali Karimi told IRNA after the meeting that the main objective of the WB team's Bam visit has been monitoring the way foreign assistance allocated to the reconstruction of Bam is being spent along with the money allocated to the purpose inside the country.

Karimi added, "The WB has informed Iran's Economy Ministry that it is ready to allocate an appropriate loan to be allocate to the reconstruction of Bam."

He said, "Iran welcomed the WB's offer, and the WB experts' team's current visit is aimed at assessing the reconstruction policies employed, and the amount required to push them forth."

The Kerman governor general expressed hope that the WB would grant a 300 million US dollar loan to Iran for the purpose.

The Managing Director of Islamic Revolution Housing Foundation Javad Haqshenas, too, told IRNA, "After the disastrous Bam earthquake, various Iranian and foreign organizations, including the WB, volunteered to assist the Bam quake victims and the process of Bam's reconstruction."

He added, "The WB team is here to assess the economic status of the private sector, and the position of the industrial units that need to be reinstructed."

... Payvand News - 2/3/04 ... --

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