Tehran, Iran, June 19
By Mehdi Sepahvand – Trend:
Iran’s Minister of Finance Ali Tayyebnia agreed with Korean Export-Import Bank CEO Yong Hwan Kim on a Korean line of credit worth 8 billion euros for Iran.
The agreement concerns the development of projects in energy, petrochemical, oil, and health sectors in Iran, IRNA news agency reported June 19.
After the implementation of a nuclear deal between Iran and the world powers, which lifted sanctions on the Islamic Republic in 2016, Tehran assigned the task of attracting foreign investment to a committee at the Ministry of Finance and Economic Affairs.
The agreement with Korea is one of the products of the committee.
Besides the Exim Bank, Korea Trade Insurance Corporation (KSURE) is also expected to insure 5 billion euros for projects in Iran.