Abstract: A wear resistant iron-base sintered alloy consists essentially of at least one selected from the group consisting of molybdenum and tungsten, ranging from 5 to 20% by weight, chromium ranging from 2 to 10% by weight, silicon ranging from 0.1 to 0.9% by weight, manganese ranging not more than 0.7% by weight, phosphorus ranging not more than 0.05% by weight, carbon ranging from 0.1 to 0.8% by weight, boron ranging from 0.5 to 2.0% by weight, and balance including iron and an impurity, so that fine multiple carbide, multiple boride, and/or multiple carbide-boride can be homogeneously dispersed as hard grains in the structure of a matrix, thereby exhibiting excellent wear resistance, scuffing resistance and pitting resistance.