Jan 19, 2010, 6:22 PM

Export Guarantee Fund of Iran expands activities

TEHRAN, Jan. 19 (MNA) -- The CEO of Export Guarantee Fund of Iran stated that the organizations activities were on the rise and covered over $2.3 billion in the past 10 months.

Kamal Seyyed-Ali said EGFI business had increased some 360 percent compared to the same period in the previous year, the Islamic Republic of Iran Broadcasting reported.

Seyyed-Ali said that in the first 12 years of EFGI activities, from 1994 to 2005, coverage issued by the fund reached about $600 million, and in the last 3 years and two months it hit a total of $3.8 billion.

He said that the fund has taken measures to further expand business and overtake all regional competition in southwest Asia in the future.

MRK/HB

END

MNA

News ID 38088