Export Guarantee Fund of Iran (EGFI) signed MoU with Hermes Insurance Firm of Germany and Swiss Export Risk Insurance SERV of Switzerland on re-insurance services to Iranian exports.
The MoU was signed on the sidelines of the Berne Union Meeting which is underway in Lisbon, Portugal.
The agreement envisaged cooperation on economic, trade, banking ties, reinsurance coverage, joint insurance and training.
Managing Director of EGFI Kamal Seyed Ali said that after the implementation of JCPOA, representatives of the export guarantee funds of the European states visited Iran and expressed interest in implementing the related projects and financial services.
In the wake of the post-JCPOA cooperation, EGFI’s exports and investment credits coverage enjoyed 42 percent growth.
It stood at $265m during the first four months of the current Iranian year (began on March 20).