VOL. XLI/VOL. XLII
Iran Still Seeking $3Bn In Bridging Loans
Further details have become available on Irans reportedbreakthrough in negotiating bridging loans of $3bn with Germany, Japan and Italy, eachproviding about $1bn. The loans are needed to help Iran stay current with its foreign debtrepayments. According to the Central Bank of Iran, total short, medium and long-term debtstood at $11.309bn on 21 June 1998, and Iran is due to repay $5.567bn of...