3886
Iranian Bank to Help OFID Projects
Economy, Business And Markets

Iranian Bank to Help OFID Projects

The Export Development Bank of Iran (Iran’s Bank Tose-e Saderat) has announced that it will finance Iranian companies that win tenders offered by the OPEC Fund for International Development (OFID), IRNA reported.   According to IRNA, at the 148th session of the governing board of OFID, five projects worth a total of $400 billion were approved; these will then be conducted in Burkina Faso, Burundi, Côte d’Ivoire, Swaziland, and Nepal in the fields of agriculture and irrigation, road transportation, and water-sewage systems.  The construction operation, as well as the required machineries and equipment will be provided through globally offered unlimited tenders.  EDBI and OFID had signed an agreement in 2011, whereupon the two sidesagreed to carry out development and infrastructure projects in less developed countries. OFID is a development finance institution established by the member states of OPEC in 1976 as a collective channel for providing aid to the developing countries. 

Short URL : http://goo.gl/7p6ifJ

You can also read ...

Iran Petrochemical Revenues at  $5.5 Billion in Six Months
Iran exported $5.57 billion worth of petrochemical and polymer...
Calm Housing Market Forecast for Tehran in Fiscal H2
The Iranian housing sector, which has just entered a pre-boom...
OIC is an international organization consisting of 57 member states.
The countries of the Organization of Islamic Cooperation...
Private banks and non-bank credit institutions held the biggest share of foreign assets among Iranian financial institutions.
The total value of Iranian banks’ foreign assets by August 22...
Iran Fortifies Ties With IDB, Malaysia
Minister of Economic Affairs and Finance Masoud Karbasian met...
Ahmad Araqchi (R) meets Alexey Tyupanov
The Central Bank of Iran has signed an agreement with the...
In Iran, import tariffs on apparel are set at 55%, apart from a 9% value-added and an additional 4% tax.
About 1,840 tons of apparel worth close to $22.75 million were...
Border With Iraq’s Kurdistan Closed at Baghdad’s Request
Iran has shut its border crossings with the Iraqi Kurdistan...

Trending

Googleplus