Gov't to Repay Part of Foreign Debt: PBO

The government will repay $600 million as part of its foreign debt in the next fiscal year. The amount is projected in the proposed March 2020-21 budget bill, according to a press release of the Plan and Budget Organization.
Of the total, $166m will be paid to the Islamic Development Bank for loans Tehran received in 2012. Financial commitments of the Energy Ministry and its subsidiaries worth $244m are on the repayment list. The loans were taken for economic development projects.
Reimbursements include $64m owed to the OPEC Fund for International Development. Iran also has to reimburse part of its debt ($56m) to the World Bank. The remaining foreign financial commitment is related to other development projects.