EGFI Says Expanding Boundaries

Insurance cover and export guarantees offered by the Export Guarantee Fund of Iran, a state-owned agency, reached $2.2 billion in the current fiscal (ends on March 20), indicating an annual 25% rise. 
EGFI head Afrouz Bahrami said the value of guarantees and insurance cover provided by EGFI has increased 207% since 2014-15. 
Recalling the fund’s mandate to help increase the penetration rate of export insurance services, she said short-term export insurance amounted to $850 million in the current fiscal, up 130% compared to last year and 1600% surge since fiscal 2014-15.