Baku, Azerbaijan, Apr. 24
By Fatih Karimov – Trend:
Iran’s Export Guarantee Fund has issued $1.6 billion worth of export insurance and guarantees last Iranian fiscal year (ended March 20), Kamal Seyyed Ali, head of the state-owned fund said.
He added that the figure indicates a rise by 71 percent year-on-year, the Iranian Industry, Mine and Trade Ministry’s SHATA news website reported.
Seyyed Ali further said that the coverage of the fund has increased by 30 percent averagely during the last 11 years.
The fund issued $181 million worth of guarantees during the fiscal year that ended on March, 2006, which increased to $1.314 billion in the year to March 2012, then decreased to $717 million in the fiscal year to March 2015, the official said.
Seyyed Ali added that the total value of the fund’s short-term coverage reached $204 million last fiscal year, 119 percent more year-on-year.
The fund issued $696 million worth of long- and mid-term export insurance guarantees in the 12-month period as well, indicating a rise by 470 percent compared to the preceding year, he said.
He also said that the export guarantee fund of Iran signed 12 strategic cooperation documents with counterparts from various countries including Russia, India, Austria, Sweden, UK and New Zealand last fiscal year.
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