Economy, Business And Markets

EDBI Loans

EDBI LoansEDBI Loans

Export Development Bank of Iran will provide foreign exchange loans worth an aggregate $200 million to support companies exporting technical and engineering services to Iraq, the EDBI website reported on Tuesday. The Central Bank of Iran will provide the lender with the funds “in the form of investment.” Companies benefitting from the new lending scheme will be obliged to repay the loans in installments over 12 months.