VOL. XXXVII

NO. 33

16-MAY-1994

Financial and Banking News

Regional Financing

Iran And Belgium Agree $200Mn Rescheduling

Iran's Bank Markazi (central bank) and the State Insurance Institute ofBelgium have concluded a rescheduling agreement covering some $200mn worth ofdebt. The deal includes unpaid debts owed by Iranian importers up until the endof April 1994, plus all documentary credits for this Iranian year (ending 20March 1995). The agreement allows for a 26-month grace period followed by a...