In the meeting, which was held on the sidelines of International Monetary Fund (IMF) Annual Autumn Meeting, Iran’s Minister of Finance Masoud Karbasian referred to Denmark’s extraterritorial policies in interaction with world countries, saying, ‘taking Denmark’s capabilities in energy, environment, and water management into consideration, the cooperation will be in both sides’ interests.’

Tørnæs said that the agreement between Danish EKF Bank and Iran’s Foreign Investment Organization is a proper ground for cooperation.

Karbasian stressed on expanding mutual collaborations and taking necessary measures to increase the line of credit (LC) of the Danish bank.

He added that, regarding Iran’s position in the region, the cooperation can be a beginning for working with the other regional countries.

Iran and Denmark have signed two cooperation documents one of which was an agreement to launch a €500 million-line of credit (LC) with Danish Donske Bank.

The LC was signed between ten Iranian banks including Keshavarzi Bank, Melat Bank, Pasargad Bank, Sepah Bank, Parsian Bank, Saman Bank, Tejarat Bank, Bank Melli Iran, Bank of Industry and Mine and EN Bank, and the Donske Bank of Denmark.

And also, an agreement has been signed between Iran and Danish EKF Bank to finance Iranian projects in various sectors.

The IMF Annual Meeting will finish on Sunday.

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