Export Development Bank of Iran Ready to Finance Reconstruction of War-Damaged Export Industries

The Export Development Bank of Iran is ready to support the reconstruction and modernization of industries damaged in the war to safeguard jobs and ensure business continuity, its chief executive has said.

According to Shada, Shaban Moradi said the bank’s support for domestic production and exports remained a priority, particularly for export-oriented industries.

He said modern banking and financial instruments could help damaged industries restore their production capacity and return to full operation.

Moradi added that the bank would also support the country’s strategic, high-impact projects that generate foreign exchange, in line with the government’s strategic plans, through appropriate planning and financing arrangements.

Emphasizing the need to expand the use of innovative financial instruments, he said increasing the use of GAM bonds was among the initiatives on the bank’s agenda. The instruments are designed to facilitate financing across supply chains.

Moradi also highlighted the bank’s capabilities in foreign-currency financing, noting that its specialized mandate gave it considerable potential in this area. By attracting foreign-currency resources, he said, the bank could play a more active role in providing financing denominated in foreign currencies.

He also identified active participation in foreign-currency investment funds as another potential avenue for strengthening the bank’s foreign-exchange operations and supporting projects that generate foreign-currency revenues.

The initiatives are intended to help restore productive capacity, preserve employment, and strengthen financing for export-generating industries and strategic economic projects.
 

News ID 746502

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