The World Bank has approved $90 million in loans to help Iran take effective and timely action to respond to the COVID-19 pandemic by strengthening the country’s national healthcare system, the deputy economy minister said.

Iran PressIran News: Head of the Organization for Investment Economic and Technical Assistance of Iran Ali Fekri said that despite the US and the Zionist lobby opposition, the World Bank has agreed to grant loans to Iran's Health Ministry.

He added that the loan will have the lowest interest rate compared with other international finances.

He noted that all medical equipment and medicines required for fighting coronavirus will be provided by the World Health Organization and will be delivered to Iran. 

One key measure taken in Iran is the COVID-19 Emergency Response Project (ICERP), financed by the World Bank and in cooperation with the Ministry of Health and Medical Education of Iran. The project delivered life-saving medical and diagnostic equipment to public hospitals and laboratories across the country to support the fight against the COVID-19 pandemic.