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ISLAMIC DEV'T BANK OKAYS US$45 MLN IRAN POWER PLANT LOAN.
TEHRAN, Dec 3 Asia Pulse - The Islamic Development Bank (IDB) has approved a loan of US$45 million to the Power Plant Projects Management Company (MAPNA).
The financial assistance is extended to the state-owned company to import goods, spare parts and other products needed its projects.
Public Relations Office of the Ministry of Economic Affairs and Finance reported that the IDB loan to MAPNA is the largest sum extended to an Iranian company within the framework of Import Trade Financing Operations (ITFO).
The ITFO facilitates import of development goods on deferred payment basis and to promote trade (import) among IDB member countries.
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Source: HighBeam Research, ISLAMIC DEV'T BANK OKAYS US$45 MLN IRAN POWER PLANT LOAN.