Financial and Banking News
Japan To Extend Concessional Loan To Iran For Dam Project
Japan is expected to extend a $357mn concessional loan to Iran to helpfinance the $1.85bn Karun-4 hydroelectricity project. The loan will be the firstsuch concessional financing by Japan to Iran for many years. In November lastyear the Japanese Export Import Bank agreed to refinance suppliers' credits tothe value of 35bn ($327mn) which had been granted by the...