Business And Markets

Iran's ECA Reports 62% Growth in Export Guarantees in 9 Months

Export Guarantees Up 62% in 9 Months
Export Guarantees Up 62% in 9 Months

The Export Guarantee Fund of Iran, a state-owned export credit agency, issued $1.7 billion worth of guarantees for exporters of non-oil goods in the first nine months of current fiscal that ends in March, up 62% compared to the corresponding period last year, the EGFI chief said. 
Afrouz Bahrami told IRIB news agency that the value of export guarantees is predicted to reach $2 billion by the yearend. 
Pointing to EGFI’s mission to help shield non-oil exporters against US sanctions, Bahrami said the fund offers insurance for political and commercial risks.


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