Business And Markets

NDFI Tops $147 Billion

NDFI Tops $147 Billion
NDFI Tops $147 Billion

Iran’s sovereign wealth fund, known as the National Development Fund of Iran (NDFI), is worth more than $147 billion, a deputy head of the fund said.
Since inception in 2011 the fund “$122 billion in loans/credit was to the private and public sectors,” Alireza Saleh was quoted by the Iranian Bank and Economy News Agency (IBENA) as saying on Thursday.
In 2022 the NDFI started investing in financial and monetary markets as it slowly shifted its focus away from lending to major development projects and businesses, Saleh said. 


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