President Calls for Practical NDFI Support for Improving Share Market

President Ebrahim Raisi has called for expediting the process of practical support for the struggling stock market by the National Development Fund of Iran, the sovereign wealth fund.
Speaking at the Government Economic Coordination Headquarters late on Tuesday, Raisi called for “precisely implementing plans” to use NDFI loans to bolster the bourse, president.ir reported.
He was referring to measures approved by the GECH headed by former president Hassan Rouhani to help bolster the stock market saddled with falling share prices and near permanent outflow of capital by nervous investors. Most decisions of the past administration have not yet come into force.