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World Bank Makes Loan to Iran: The...

From Times Staff and Wire Reports

World Bank Makes Loan to Iran: The development bank, with U.S. approval, has given Iran its first loan since 1978--the year before Iranian students took hostages at the U.S. Embassy in Tehran. The $250-million loan for earthquake reconstruction is repayable in 20 years. Iran’s fundamentalist Muslim government has been improving its relations with the West in recent months.


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