Financial and Banking News
Coface Confirms Freezing of New Cover for Iran as Payments Problems Mount
French officials have confirmed that the French export credit agency, Coface,will issue no new guarantees for Iran as a result of mounting arrears onexisting credits. Arrears could reach FF1bn ($178mn) within a year if problemscontinue, according to one Finance Ministry official. Iran started havingproblems raising export credit guarantees in the...