NO. 32


Financial and Banking News

Loans & Issues

Italy to Provide $1bn Credit to Iran

Italy will provide Iran with a $1bn credit line for use in financing theconstruction costs of two power plants at Bandar Abbas and equipment for steelmanufacturing, the Iranian news agency IRNA reported on 8 May. The announcementwas made during a visit to Tehran by Mr. Franco Nobili, head of Italy's Istitutoper la Ricostruzione Industriale. The credit is being arranged by Mediocredito,a...