Iran gets more funding from Asia, Europe

According to Iran’s Deputy Minister of Economy and Finance Mohammad Khazaei, Japan agreed to provide a USD 10 billion credit line in addition to cheap loans worth USD 2 billion, that is a total USD 12 billion. Korea (ROK) should provide up to a total USD 8 billion while a growing number of European export credit agencies boarded the train by providing Iran with deferred liabilities worth around USD 2.7 billion. As Iran is actively preparing for its first official meeting with China-back Asian Infrastructure Investment Bank (AIIB), the Iranian economy is building up its comeback strong with foreign funding capacities worth between USD 24.5 to USD 35 billion.