Plan to Use SCFs for Urban Development   

The Central Bank of Iran is planning to help municipalities tap a new supply chain finance mechanism for urban development. 
Asghar Abolhassani, the CBI vice governor made the announcement at a “Conference on Investment Opportunities in Tehran” on Wednesday, IRNA reported. 
Funding for urban development would mainly cover expansion of transportation, water, sewer, fire and law enforcement.
Back in January, the CBI unveiled a supply chain finance (SCF) program to help improve lending and navigate bank resources toward production sectors, among other things.