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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

NDFI Lending Exceeds $8b

EghtesadOnline: According to the National Development Fund of Iran data, the sovereign wealth fund gave 27 trillion rials ($267 million) to agent banks for loans in the first quarter of current fiscal to June.
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Publish Date:22/December/2018 | 15:32