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اذان ظهر ۱۲:۰۳:۱۴
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۱۳۹۱/۱۱/۱۶ - ۰۹:۱۸

National Development Fund Reserves Up to $44bln

Iran's National Development Fund reserves now amount to $44 billion, a senior NDF official announced on Sunday

National Development Fund Reserves Up to $44bln


 
 
 


Speaking on the sidelines of a meeting of the Governors of Iranian State Banks, member of the NDF Governors Board Mahmoud Dodangeh said so far, more than $20 billion projects have been introduced to the Fund to receive forex facilities.

He said the facilities will be earmarked based on priority, the Islamic republic news agency reported.

The Fund has been allocated to be spent on development projects in the field of manufacturing, industrial, agricultural and handicrafts.

Late in December, and NDF official said that the NDF will provide 70 percent of the financial needs of those foreign companies which are willing to invest in Iran if they provide 30 percent of the funds by themselves.


 

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