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Iran’s Foreign Debt Down 5% to $8.8b

Most of Iran’s foreign borrowing in the past two years was for fighting the coronavirus pandemic. Tehran received $50 million from the World Bank to help the health sector cope with the fatal disease
Iran’s Foreign Debt Down 5% to $8.8b
Iran’s Foreign Debt Down 5% to $8.8b

Iran’s foreign debt was $8.83 billion by end of the third quarter of the current fiscal year ending Dec. 21. 
According to Central Bank of Iran data, the foreign debt was $518 million or 5.5% lower compared to the corresponding quarter last year. 
Medium and long-term debt was $6.429 billion, accounting for more than 72% of the total. Despite decline in long-term debt, short-term debt increased to $2.4 billion, rising from $1.984 billion in Dec. 2020. 

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