29 April 2013
The Central Bank of Iran (CBI) has secured $28 billion in credit for 57 development and infrastructural projects in the last Iranian year (ended March 20, 2013).
It said that based on Article 82 of the Fifth Five-Year Economic Development Plan (2010-15) and the Budget Law of last year, the ceiling for securing investment (foreign financial facilities) for development and infrastructural projects was $30 billion.
The CBI and Economy Ministry are duty-bound to secure credit lines from foreign sources. In spite of all restrictions imposed on the country, CBI has procured credit lines from foreign finances to financially support development projects.
These development and infrastructural projects pertained to the ministries of oil; energy; roads and urban construction; and industries, mines and trade.
Also, efforts to financially secure 29 projects worth $16.4 billion were launched last year.
In addition, eight projects worth $1.5 billion were implemented and a letter of credit has been opened for them.
The Central Bank of Iran (CBI) has secured $28 billion in credit for 57 development and infrastructural projects in the last Iranian year (ended March 20, 2013).
It said that based on Article 82 of the Fifth Five-Year Economic Development Plan (2010-15) and the Budget Law of last year, the ceiling for securing investment (foreign financial facilities) for development and infrastructural projects was $30 billion.
The CBI and Economy Ministry are duty-bound to secure credit lines from foreign sources. In spite of all restrictions imposed on the country, CBI has procured credit lines from foreign finances to financially support development projects.
These development and infrastructural projects pertained to the ministries of oil; energy; roads and urban construction; and industries, mines and trade.
Also, efforts to financially secure 29 projects worth $16.4 billion were launched last year.
In addition, eight projects worth $1.5 billion were implemented and a letter of credit has been opened for them.
© Iran Daily 2013
