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Article: IRAN: RISKY BUSINESS, PART II.(economic conditions improve)
- Article from:
- IPR Strategic Business Information Database
- Article date:
- March 27, 2000
CopyrightCOPYRIGHT 2000 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Iran's ability to meet some of its foreign debt obligations increased as a result of the recent reversal of a downturn in oil prices. Tehran's situation may gain even more because more foreign firms are showing an interest in investing in Iran. The poor risk status of Iran in the eyes of foreign risk insurance agencies, however, hampers such international investment efforts. This is caused by, first of all, Iran's difficulty in meeting its debt obligations, and secondly, the country's own laws, which limit foreigners' ability to participate fully in the economy. Due to Iran's trouble with making timely debt payments, from 1994-1996 many state credit agencies, such as ...