TEHRAN (Iran News) – The meeting of the board of directors of the International Union of Islamic Export Guarantee Funds also known as the Aman Union was held with the presence of Iran.
According to a report by the Export Guarantee Fund of Iran (EGFI), the 20th meeting of Aman Union was held by video conference, IRNA reported on Saturday.
Seyyed Arash Shahr-Aeini, a member of the EGFI board of directors, attended the meeting of the board of directors of the Aman Union.
The EGFI became a member of the board of directors of the Aman Union in 2019, along with the export guarantee funds of Egypt, Jordan, Kazakhstan, Turkey and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) affiliated multilateral institutions as well as Dhaman Institute of Kuwait for two years.
At this meeting, while approving the minutes of the 2019 meeting, the secretary-general of the summit was transferred from Turkey to the Dhaman Institute of Kuwait.
Shahr-Aeini announced the approval of the 2019 financial statements and the 2020 budget in the meeting along with reviewing the impacts of coronavirus on the financial performance of members and giving the Aman Union Award for successful institutions in the field of export credit insurance.
He said three committees will be formed to oversee short-term, long-term issuance of investment permits.
Aman Union was formed on 28th October 2009 following an agreement between the Arab Investment and Export Credit Guarantee Corporation (Dhaman) and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) to join their efforts for establishing a union for commercial and non-commercial risks Insurers and Reinsurers in their respective Member Countries.
- source : Iran Daily, Irannews
