Iranian Deputy Finance Minister Mohammad Khazaei told a banking conference in Tehran this week that Iran will sign a number of deals in September to provide around $30bn in credit facilities from Austria, Denmark and Italy. Ongoing negotiations with Japan are expected to tie up more credit facilities over the next few months, he adds.
This comes after Ali Salehabadi, head of the Export Development Bank of Iran (EDBI), on 24 August signed the final two-part framework agreement with the Export-Import Bank of Korea (Kexim) for an $8bn credit line for Iranian projects, plus a guarantee of up to $5bn for potential losses with the Korea Trade Insurance Corporation (K-Sure). The agreement does not specify the projects to be funded, but allows the two sides to negotiate joint ventures deemed to be viable for them. (CONTINUED - 711 WORDS)
