As reported by BIM Information Centre, this MoU was signed by Ali-Ashraf Afkhami, BIM’s chairman and head of the Board of Directors, and Lee Duk-Hoon, the Exim Bank Chairman.

Based on this MoU, both parties announced and agreed to various mutual interactions in major industrial and commercial sectors, including financing projects in natural resources, oil and gas, the petrochemical industry, infrastructure, renewable energy, power, water, transportation and shipping.