Increase the ceiling of insurance coverage of the Export Guarantee Fund
The Export Guarantee Fund of Iran has increased the coverage of export insurance policies in order to develop the country's exports and due to the need to support exporters affected by the Corona virus crisis.
According to the International Exhibition of Iranian Stone, the Export Guarantee Fund of Iran announced: According to the decision of the board of directors of the fund, while increasing the coverage of insurance policies by five percent in the current situation, political risks increased from ninety-five percent to 100 percent and commercial risks from ninety percent to ninety percent. And it increases by five percent.
Also, according to another decree, the deadline for credit ceilings set for foreign buyers and credit ceilings for exporters seeking the use of warranty services has been increased. In another decision, the board of directors of the Export Guarantee Fund of Iran provided the necessary arrangements for the extension of the overdue guarantees and the delay of the debts of the exporters to the fund.
In order to make a leap in production, the Export Guarantee Fund of Iran has designed a support package to reduce the harmful effects of sanctions for this year. Contractors' need to enter foreign tenders is part of this support package.
Cooperation with last year's export support package and payment of commissions / premiums to exporters, equipping new financial resources for exports and cooperating with peer companies to design a successor to banking products in the face of sanctions can also be considered as tools of this support package.
