Borrowers Struggling to Repay NDFI Loans

The main challenge the National Development Fund of Iran is facing is the difficulty of borrowers in reimbursing loans, the fund’s deputy for banking and credit affairs said. 
Alireza Mirmohammad-Sadeqi told state radio that the sovereign wealth fund lends in rial and foreign currency to key private and public sector industries, and most borrowers have been unable to repay the forex loans on time. 
 “Since inception the NDFI has granted 390 deferrals on 190 loan contracts. In short, repayment of each loan has been postponed twice on average,” the NDFI website quoted him as saying.