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$850m of Cheap Export Loans Approved

EghtesadOnline: The Export Development Bank of Iran and the National Development Fund of Iran have agreed to add another 10 trillion rials ($256.4 million) to the previous 23 trillion rials ($589.7 million) meant to empower specialized banks to allocate cheap loans to boost non-oil exports, EDBI’s head of Credit Department announced.
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Publish Date: 03/October/2017 | 11:56

NDFI Allocates Over $50m to Nomads

EghtesadOnline: A total of 2 trillion rials ($51.28 million) from the National Development Fund of Iran have been allocated to nomads to streamline red meat production, the head of Iranian Nomad Organization said.
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Publish Date: 11/September/2017 | 10:45

Bank Sepah Allocated $11b From NDFI Forex Resources

EghtesadOnline: Bank Sepah allocated $11.17 billion from the National Development Fund of Iran's foreign exchange resources to bankroll major national projects in the last Iranian year (ended March 20, 2017).
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Publish Date: 26/August/2017 | 06:19

EDBI Loans to Promote Exports

EghtesadOnline: The Export Development Bank of Iran—the EXIM Bank of Iran—is set to dole out loans worth 3 trillion rials ($78.7 million) through the National Development Fund of Iran, the country’s sovereign fund, to boost the export of industrial and mining products, the bank’s official website announced.
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Publish Date: 15/August/2017 | 14:40

NDFI to Funnel $1.5b Into Rural Development

EghtesadOnline: The parliament has approved a bill allowing the government to take out $1.5 billion from the National Development Fund of Iran for creating jobs in rural and nomadic areas in the current fiscal year (March 2017-18), legislator Gholamreza Kateb was quoted as saying by IRNA on Monday.
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Publish Date: 20/June/2017 | 09:57

Iran Sovereign Wealth Fund Reports Rise in L/Cs

EghtesadOnline: The National Development Fund of Iran–the main sovereign wealth fund– has announced that it has recorded a year-on-year increase of “50% plus” in opening letters of credit during the previous fiscal year that ended in March.
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Publish Date: 18/June/2017 | 09:01

Bank Melli Tapping $1b of NDFI Resources

EghtesadOnline: Bank Melli Iran, the nation’s biggest bank, has been allowed to draw up to $1 billion from the foreign exchange resources of the National Development Fund of Iran to support production, the bank’s deputy for credit affairs announced.
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Publish Date: 31/May/2017 | 09:38

Majlis Budget Decisions on Finance, NDFI Withdrawals

EghtesadOnline: The parliament convened early Sunday and passed measures on foreign finance, withdrawals from the National Development Fund of Iran, transfer of funds from the banking network to the treasury, loans to academic institutions and loan penalty waivers.
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Publish Date: 27/February/2017 | 07:13

Iran to Tap Into Wealth Fund to Combat COVID-19

EghtesadOnline: Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has approved the withdrawal of $1 billion from the National Development Fund of Iran—the country’s sovereign wealth fund—to help fight the coronavirus epidemic.
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Publish Date: 11/April/2020 | 16:47

Gov’t Can Borrow €3.4b From NDFI

EghtesadOnline: The government can withdraw €3.4 billion from the National Development Fund of Iran in the next fiscal year (starts March 2020), to finance development projects.
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Publish Date: 24/December/2019 | 24:39

National Development Fund of Iran Lends $4.9b in 3 Months

EghtesadOnline: The National Development Fund of Iran, the country’s sovereign wealth fund signed 15 agency contracts with banks to pay $5.8 billion in foreign currency loans during the first quarter of the current fiscal year (March 21- June 21).
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Publish Date: 30/October/2019 | 11:28

MRC Castigates Evasion of NDFI Lending Rules

EghtesadOnline: In a report on the misuse of the National Development Fund of Iran, the Majlis Research Center says a large part of the sovereign wealth fund has been used in sectors outside the purview of the fund.
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Publish Date: 17/August/2019 | 10:24

$230m From NDFI for Development Projects

EghtesadOnline: The National Development Fund of Iran, the country’s sovereign wealth fund, has signed a contract with the Export Development Bank of Iran to augment development projects worth $230 million.
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Publish Date: 11/June/2019 | 10:10

NDFI to Pay $10 Billion in Forex Loans

EghtesadOnline: The National Development Fund of Iran, the sovereign wealth fund, plans to lend $10 billion in foreign currency for private sector projects in the current fiscal (March 2019-20).
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Publish Date: 19/May/2019 | 09:17

NDFI Releases 2018 Lending Data

EghtesadOnline: According to a report published by National Development Fund of Iran on its website, the sovereign wealth fund, the fund gave foreign currency loans through 20 agent banks in the first 9 months of the previous year (March 21-Dec. 21 2018).
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Publish Date: 20/April/2019 | 13:42

NDFI Withdrawal Could Be a Savior

EghtesadOnline: Governor of the Central Bank of Iran says the government decision to withdraw money from the National Development Fund of Iran, the country's sovereign wealth fund, could be an opportunity to help stabilize the forex market.
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Publish Date: 14/April/2019 | 14:56

NDFI Focus on Manufacturing, Infrastructure

EghtesadOnline: CEO of the National Development Fund of Iran, the country’s sovereign wealth fund, has outlined the roadmap for the fiscal year that started on March 21.
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Publish Date: 10/April/2019 | 24:38

Iran President Solicits €2b From Sovereign Wealth Fund

EghtesadOnline: A lawmaker said Monday that President Hassan Rouhani has issued a decree to withdraw €2 billion from the National Development Fund of Iran after receiving permission from the Leader Ayatollah Seyyed Ali Khamenei.
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Publish Date: 09/April/2019 | 13:12

€2.3b NDFI Resources for National Projects

EghtesadOnline: Lawmakers allowed the government on Sunday to withdraw €2.37 billion from the National Development Fund of Iran to be paid in foreign currency for completing national projects in the next fiscal that starts on March 21.
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Publish Date: 25/February/2019 | 11:04