NDFI Recovering Private Sector Debts, Gov’t Remains Nonpayer

The National Development Fund of Iran is making progress in collecting unpaid debts by private companies, a deputy with the sovereign wealth fund said. 
In a press release seen on the NDFI website, Reza Mohammadi, head of the department for contracts and debts, said the fund was able to collect $2.5 billion owed by the private sector borrowers.
NDFI is independent of the government and was set up in 2011 to help reduce dependency on oil and save a percentage of the earnings from oil and gas exports for the welfare of future generations.