WB member countries reached an agreement on Sunday to shift more power to emerging and developing nations, under which China´s votes increased to 4.42 percent from 2.77 percent, making it the third largest voting power holder.

Iran has test-fired 5 powerful missiles as part of military drills. The testing took place in the Persian Gulf and the Strait of Hormuz.

"We are very confident that these negotiations, which have started even before we actually asked for the activation of the mechanism, will be concluded rather soon."