VOL. XLIV

No. 14

2-APRIL-2001

IRAN

JBIC Extends 513Mn Of Credit For Iranian Railways Through Bank Melli Iran

The Japan Bank for International Cooperation (JBIC) announced on 22 March that it had signed an agreement for an export credit facility worth 513mn ($4.17mn) with Bank Melli Iran, a state-owned institution, to finance exports of Japanese railway equipment to Iran. According to a statement from JBIC, the credit is co-financed by Bank of Tokyo-Mitsubishi which is providing 133mn ($1mn) of...