In spite of the strong opposition of United states,World Bank has approved two Iran Loans for developing the infrastructure of Iran which amounts to $ 230 million. According to the United States officials, Iran loans should not have been suspended if there was transparency in the trial of 8 Muslims and 13 Jews who were accused of spying in Israel. America considers Iran as a country which sponsors terrorism and thus American law denies loans to Iran. World Bank has approved Iran loans because according to its charter, Iran loans should be granted because of economic consideration. In Iran, loans are also given by Bahrain based Future bank which has recently signed two loans to Iran's two most largest public sector companies, the loan amounts to $ 65 million. The Ghadir Investment Company is granted loan which amounts to $ 30million and to Bank Melli Iran Investment Company, a loan worth $ 35 million is granted. Future Bank operates in a joint venture with Iran's two largest bank, Melli and Sedarat and Bahrain's Ali United Bank. In Baku the Iranian Minister for cooperation has said that the Iranian Export Assistance has agreed to allocate a 40 million loan to Azerbaijan. For securing the stable supplies of oil, Japan second largest oil importer of the world has agreed to give Iran, its second loan. Japan has already given a loan of $ 3 billion loan to Iran in the year 2001.
Though there is a constant opposition from America but other countries are coming up to grant loans to Iran.
Iran Loans are very important in building the infrastructure of Iran so that Iran can ensure the whole world with their constant supply of oil.
