43% growth in export guarantees of the Export Guarantee Fund
Since the beginning of this year, the Export Guarantee Fund of Iran has provided $ 3.06 billion in export coverage, which shows a 43% growth compared to the same period last year, which was $ 2.6 billion.
According to the International Iranian Stone Exhibition, the volume of $ 3.06 billion in export coatings in the 10-month period of this year, which, taking into account the remaining two months of this year, this amount of coatings will definitely exceed 43%.
Also, the issuance of various types of export credit insurance policies of this institution since the beginning of this year (10 months) amounted to $ 2.575 million, which shows a growth of 51% compared to the same period last year.
Meanwhile, the export coverage ratio (the fund's share of non-oil exports) last year was 6.4 percent, which has reached 10 percent this year, while the average ratio in the fund's counterpart institutions in developed countries was 2 percent. In Turkey, as an export competitor, it is 7%.
The amount of fund coverage during the months of December to February of this year compared to the same period last year has an acceptable growth and the total volume of fund coverage through the issuance of insurance and credit guarantees shows 30% growth.
The Export Guarantee Fund of Iran, as the only export credit insurance institution, has tried to design alternative products by designing alternative products in a situation where many problems in banking relations and insurance caused by sanctions, economic pressure and coronary heart disease have had an adverse effect on the country's trade relations with foreign markets. Iran and foreign trade to a considerable extent.
