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Iran’s Export Credit Agency Releases Annual Report

Iran’s Export Credit Agency Releases Annual Report
Iran’s Export Credit Agency Releases Annual Report

The Export Guarantee Fund of Iran, the main export credit agency, said it covered export risks worth $2.6 billion during the last fiscal year that ended on March 19. 
This was a 20% growth compared with a year earlier, according to a report on the fund’s yearly performance, published on its website.   
Short term insurance cover amounted to $1.2 billion, representing 46% of the total cover provided to non-oil exporters last year – up 42% annually. 
Likewise, the short-term and mid-term covers reached $834 million to post a 16% rise on year-on-year basis. 
The state-owned agency, affiliated to the Ministry of Industries, Mining and Trade, is in charge of supporting domestic non-oil exporters by providing export guarantees and insurance to cover risks.

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