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...