Despite the lifting of international sanctions in January 2016, Iran is still struggling to raise project financing and reintegrate with the international banking system.

Iran announced this week that following negotiations in Seoul between Iran’s Minister of Economic Affairs and Finance Ali Tayyebnia and Korea’s Kexim Bank, an agreement was reached on the opening of an $8bn line of credit to finance Iranian infrastructure projects in energy and health sectors, discussion of which began a year ago. (CONTINUED - 1065 WORDS)