13 January 2015 - 08:47
Iran, IDB sign cooperation deal

TEHRAN, Jan. 13 (MNA) – For the first time, Iran and Islamic Development Bank have signed deal on technological and scientific deal.

The deal was signed during a meeting of the IDB members and Iran’s Ministry of Economic Affairs and Iranian Research Organization for Science and Technology (IROST) officials in May 2014. The deal was signed by Mahmoud Molanejad, the IROST deputy-head, Abdulreza Samimi, IROST technology development deputy, and Bank’s delegation including Zafar Iqbal and Saifullah Abid in Organization for Investment Economic and Technical Assistance of Iran, a subsidiary of Iran’s Ministry of Economic Affairs.

The new policy advanced by the IDB allows investments in the science and technology development of the member states, which provides a strategic roadmap for Iran and IDB cooperation.

Islamic Bank of Development is an international development organization and an affiliate of Organization of Islamic Cooperation (OIC) which was established to play a more effective role in development and improvement of cooperation of member states. The Bank has drafted Member Country Partnership Strategy (MCPS) in line with Bank’s 2020 Vision strategy.

 

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