EghtesadOnline: Talks are being held to help address the financial problems of private power producers who built plants with forex loans from the National Development Fund of Iran (sovereign wealth fund) and are unable to repay.
EghtesadOnline: The Central Bank of Iran says that rising government debt to the CBI is largely due to changes in “debt classification” of the bank and has no monetary relevance.
EghtesadOnline: The government raised 49.9 trillion rials ($232 million) by selling Islamic bonds in the debt market on Tuesday.
EghtesadOnliine: Iran’s foreign debt was $9.031 billion at the end of last fiscal year that ended in March, dropping slightly from $9.339 billion at the end of fiscal 2018-19 to register 3.4% decline.
EghtesadOnline: The plan to transfer water from the Caspian Sea to the drought-hit Semnan Province will not see the light of day in the near future, not due to ecological concerns but because it is economically unviable, head of the Department of Environment said.
EghtesadOnline: The 12th United Nations Conference on Trade and Development (UNCTAD) with focus on Debt Management opened in Geneva, Switzerland, on Monday in presence of the Iranian delegation.
EghtesadOnline: The Central Bank of Iran in its latest report said debts of banks and credit institutions to the CBI totaled 1.5 quadrillion rials ($11.32 billion) in the calendar month September 22, up 37.3% year on year and 14.1% compared to the last yearend (March 21).
EghtesadOnline: Major carmakers Iran Khodro and SAIPA have seen their debt tally with parts makers, banks and financiers build up in the past few months amassing a debt of 200 trillion rials ($1.37 billion), said the secretary of the Specialized Manufactures of Auto Part Association.
EghtesadOnline: T ehran stocks’ attraction is further dissipating, as the debt and foreign exchange markets take centre-stage and new political risks sour equity traders’ sentiment.
EghtesadOnline: Excerpts of Iranian economic statistics relating to the first two months of this Iranian year (started on March 20) show that Iran’s foreign debts decreased by 75 million dollars in value in Iranian month of Ordibehesht (April 20-May 20) compared to that in the previous month.