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  • 25-02-21

    Iran inaugurates credit line for country’s Trade Promotion Organization

    (MENAFN)Iran’s National Development Fund (NDF) launched a €200 million (USD243 million) credit line for the country’s Trade Promotion Organization (TPO) for applying it for improving exports of goods and services to African countries.

    According to Farzad Piltan, the director-general of TPO’s Office of Arabian and African Countries, the stated fund was set as part of a USD2-billion support package which was owed by NDF for improving the country’s non-oil exports.

    Piltan further stated that, “The board of directors of the National Development Fund has approved this fund and it has scheduled to notify the relevant agencies for its implementation after the plan is reviewed and finalized in the next meeting of the African headquarters headed by the First Vice President.”

    He added that “These problems are expected to be resolved gradually with the opening of the mentioned credit line.”

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