Italy痴 SACE Agrees To Iranian Debt Rescheduling
The Italian export credit agency SACE signed a memo ofunderstanding (MOU) with the Central Bank of Iran on 28 January to reschedule$370mn worth of debt. According to the new agreement, Iran will have tocomplete repayment by April 2002. The rescheduling is based on a previousrefinancing agreement which was concluded in 1995 for short-term maturities duein 1993-1994. Iran痴 latest request for further rescheduling...