Reaching the penetration rate of the Export Guarantee Fund services to world standards
Managing Director of Iran Export Guarantee Fund: We have been able to double the performance of this group for 5 months compared to the same period last year, despite the decrease in exports.
According to the International Iranian Stone Exhibition, Afrooz Bahrami, announcing this matter, regarding the increase of the penetration rate of the services of this complex, said: Institutions such as the Export Guarantee Fund cover the political and commercial risks of the exporter and insure the receipt of exporter claims from foreign buyers.
He pointed out that in developed countries such as Germany, China, Russia, Italy and Italy, the penetration rate of export credit insurance is 10%, he added: The end of the Sixth Plan will be increased to ten percent, which fortunately, despite the post-Crown business conditions and the reduction in exports due to sanctions restrictions, we managed to achieve the planned goal three years earlier than planned.
Bahrami continued by stating that the fund's 5-month performance has doubled compared to the same period last year: "This statistic is important because the country's exports have decreased due to sanctions and coronary heart disease, but fortunately we have been able to improve our performance." Improve, obviously due to the development of services and product diversification and attracting new customers.
He added: "Also, with the help and support of the Economic Coordination Council of the Heads of Forces, in May of this year, the fund's capital was increased by 300 million Euros, which will lead to a fourfold increase in risk-taking and the expansion of our support."
It is worth mentioning that the Export Guarantee Fund is a government complex that has been operating since 1973 and its commission rates for export credit insurance are approved by the Cabinet.
* Tasnim
