Business And Markets

Iran's Private Firms Want Stronger Export Credit Agency

Private Firms Want Stronger EGFI
Private Firms Want Stronger EGFI

In a letter to President Hassan Rouhani, private sector representatives have called on government to give more authority to the Export Guarantee Fund of Iran with regard to issuing export guarantees, according to the EGFI chief. 
The export credit agency says it can provide export guarantees to non-oil exporters to substitute banks’ letters of credit at a time when the economy is saddled with mounting economic and banking restrictions imposed by the United States. 
“We have asked president to authorize EGFI to move on a path separate from the banking system regarding export guarantees,” Afrouz Bahrami was quoted as saying by IRNA. 


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