(Ahlul Bayt News Agency) - CEO of Iran's Sepah Bank announced made his statements on establishment of joint bank of NAM, and specified: “this proposal has been presented by Iran, and Tehran is ready to host the head quarter of the bank regarding its capacities and capable experts” According to NAM reports.
“Establishing the mentioned bank for the members of the Movement can connect central banks of different countries together to cooperate in order to reach a win-win situation for all NAM member states. This will lead to progress of all countries, and poor nations can grow economically as well”, explained CEO of Sepah Bank of Iran.
“If the joint bank can affect positively infrastructural investments in the member states, it would be followed by the subsequent interactions which will bring about growth and improvement for all involved countries. The bank will result in development of the developing countries and will encourage the other nations to invest in the aforementioned bank. This can affect positively the economic conditions of the world.”
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30 August 2012 - 11:10
News ID: 342086
The proposal has been presented by Iran, and Tehran is ready to host the head quarter of the bank regarding its capacities and capable experts.
