National Development Fund of Iran

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…
2020-04-11 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.
2019-12-24 12:39
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…
2019-10-30 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…
2019-08-17 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…
2019-06-11 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).
2019-05-19 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…
2019-04-20 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…
2019-04-14 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.
2019-04-10 12:38
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…
2019-04-09 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…
2019-02-25 11:04
Iran Parliamentary Think Tank Warns About Sovereign Wealth Fund Future

EghtesadOnline: Share of the National Development Fund of Iran from the export of oil and natural gas derivatives are estimated in next year’s budget bill (March 2019-20) at $6.7 billion.
2019-02-06 13:50
NDFI Lends $18b in H1

EghtesadOnline: A report by the National Development Fund of Iran shows that the sovereign wealth fund allocated $14.7 billion in foreign exchange in loans through 20 agent banks during the first…
2019-01-01 12:56
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…
2018-12-22 15:32
National Development Fund of Iran Lends $4.7b to Banks

EghtesadOnline: The National Development Fund of Iran deposited 50 trillion rials ($471 million) with agent banks in the first eight months of the current fiscal that ends next March .
2018-12-16 13:11
$1b for Production, Employment

EghtesadOnline: A member of Majlis Plan and Budget Commission said the Leader Ayatollah Seyyed Ali Khamenei has consented to the allocation of $1 billion from the National Development Fund of…
2018-09-15 05:33
NDFI Allocates $2.2b to Bidboland Refinery

EghtesadOnline: The National Development Fund of Iran contributed $2.2 billion to help fund the Bid Boland Gas Refinery project in the city of Behbahan, Khuzestan Province, which the fund’s director…
2018-08-12 05:21
Iran's Sovereign Wealth Fund Allocates $15b to 20 Banks in 4 Months

EghtesadOnline: Iran's sovereign wealth fund entrusted $15 billion in foreign currency resources to state-run and private banks in the first four months of the current fiscal year (March 21-July…
2018-08-01 04:25
New Flower Export Terminal Planned

EghtesadOnline: About 200 billion rials ($4.76 million) have been allocated from the National Development Fund of Iran for building and equipping a new flower and plant export terminal, which…
2018-06-24 04:18
Rouhani: Private Sector Could Help Nullify US Sanctions

EghtesadOnline: President Hassan Rouhani has called on the private sector to play a serious role in the economy, stressing that his government will ensure the business community benefits from…
2018-05-29 12:35
NDFI to Offer Loans Worth $2.8b to Create Rural Jobs

EghtesadOnline: The government will allocate 120 trillion rials ($2.85 billion) in loans from the National Development Fund of Iran to enhance job creation in rural areas, Abolfazl Razavi, vice…
2018-05-22 05:19
$1 Billion NDFI Loan to Boost Homeownership

EghtesadOnline: The idea of tapping into the reserves of the National Development Fund of Iran to empower the country’s main initiative aimed at supporting first-time homebuyers and other housing…
2018-05-22 05:05
NDFI Urged to Attract Foreign Investments

EghtesadOnline: President Hassan Rouhani has ordered the National Development Fund of Iran to prepare a plan to attract foreign investments, according to a board member of the fund who also referred…
2018-03-13 06:55
NDFI Cap for Gov’t at $3.2b

EghtesadOnline: As part of their latest open session on Sunday to discuss the fiscal 2018-19 budget bill, members of parliament designated the areas where resources from the National Development…
2018-03-13 06:41
NDFI to Get 32% of Oil, Gas Money

EghtesadOnline: Members of parliament on Saturday approved a measure determining the share of the National Development Fund of Iran from all oil and gas export revenues in their latest open session…
2018-02-18 08:10
Iran Budget's Banking Measures Approved

EghtesadOnline: Lawmakers on Tuesday passed a number of measures related to the banking system and the National Development Fund of Iran while reviewing articles of the fiscal 2018-19 budget.
2018-02-14 10:04
Rouhani Approves $500m From NDFI to Launch Rail Leasing Company

EghtesadOnline: President Hassan Rouhani has agreed to allocate $500 million from the National Development Fund of Iran, the country’s sovereign wealth fund, for the establishment of a rail leasing…
2018-01-14 10:39
NDFI Pledges Support for Exports to Oman

EghtesadOnline: The director of the National Development Fund of Iran pledged the sovereign wealth fund’s support for companies exporting goods and technical and engineering services to Oman…
2018-01-14 10:28
Warning Over Iran Wealth Fund Exodus

EghtesadOnline: Majis Research Center–the in-house think tank of lawmakers–has sounded an alarm on the profligate use of the resources of the National Development Fund of Iran, the country's…
2018-01-14 09:38
$46m Support Package for Industrial Exports

EghtesadOnline: The National Development Fund of Iran has signed a new deal with the country’s eximbank to dole out 2 trillion rials ($46 million) of joint resources as loans to meet the working…
2018-01-14 09:33