Renewed Effort to Revive Export Sector

A trilateral agreement was signed by the Export Guarantee Fund of Iran, Export Development Bank of Iran and Arzesh Afarinan Pasargad Group to support the completion of export-based projects with up to €50 million in loans. 
The three sides will create a consortium to provide unfinished projects funds in in the next three months, said Afrouz Bahrami, the EGFI chief. EDBI will function as the agent bank and EGFI will be responsible for guaranteeing the repayment of loans, ILNA reported.
EGFI is a state-owned export credit agency and has prioritized action to help expand Iran's export.