The support from the Export Guarantee Fund to attract finance

Feed: 2649 - Date: 10/9/2016 - Views: 708

The director general of the Export Guarantee Fund pointed out, "There is no way except using the foreign capitals to implement economical targets." He said, "The improvement of Iran's position in the coming years is not out of reach."

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According to Mehr News Agency quoting Shata, Seyed Kamal Seyed Ali, stating that the domestic resources is not sufficient for the massive amount of investments, said, "There is no choice but to use the foreign resources and investments beside the efficient use of local financial resources to implement economical targets."
Pointing out that in this regard, the fund intends to attract financing by filling the gaps caused by foreign financial institutions, he added, "The Islamic Republic of Iran ranked from first  to third in attracting long-term financing in the world between 2000 and 2006, but this place has been now captured by Turkey, Saudi Arabia, and the United Arab Emirates."
Stating that the prerequisite to attract foreign funds is to improve the risk factors and the business atmosphere, the director general of the Export Guarantee Fund said, "The Improvement the Iran's risk group of Iran from 7 to 6 has been the achievement after JCPOA, and further improvement of Iran's position will not be out of reach in the last months of this year and in the next year."

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