VOL. XLIV
No 52
24/31-December-2001
IRAN
JBIC Lends Iran 5.716Bn ThroughBank Sepah
The Japanese Bank forInternational Cooperation (JBIC) announced on 13 December that it had signed abank-to-bank credit facility agreement worth 5.716bn ($45mn) with Bank Sepah,a state owned Iranian bank, to finance Japanese exports of equipment andservices to build a pelletizing plant. In a statement, JBIC explained that thecredit facility is for one of four projects agreed with Iran on basic financingterms and...
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