Iranian Economy Minister Ali Tayyebnia blasted the West-led sanctions against Tehran, and said the embargos have deliberately targeted the Iranian people.

Addressing the 2014 annual meeting of the International Monetary Fund (IMF) and the World Bank Group in Washington, Tayyebnia elaborated on the achievements of the new Iranian government during its one-year tenure in the field of economy, and said, "All these achievements have been made while the sanctions against the Islamic Republic of Iran have not yet been removed."

"The unfair and unjustified sanctions have actually targeted the Iranian nation," he stressed.

Tayyebnia also held a meeting with Iranian expatriates working for the IMF and the World Bank, and explained about the government's plans to improve the country's economy.

Tayyebnia and Governor of the Central Bank of Iran Valiollah Seif traveled to Washington on Wednesday to participate in the 2014 annual meeting of the IMF and the World Bank Group.

The 2014 Annual Meetings of the International Monetary Fund and the World Bank Group is held in Washington, D.C. from October 10th to 12th.

Economic conferences in the presence of senior officials from the International Monetary Fund and the World Bank Group, the meeting of economy ministers of member states, the 29th meeting of International Monetary and Financial Committee and the meeting of Development Committee top the agenda of the event.