February 24, 2019 19:25

€2.3b NDFI Resources for National Projects

The Oil Ministry has been obliged to give up to 15 trillion rials ($111 million) to supply rural and urban areas with natural gas

Lawmakers allowed the government on Sunday to withdraw €2.37 billion from the National Development Fund of Iran to be paid in foreign currency for completing national projects in the next fiscal that starts on March 21.
According to the parliamentary news website ICANA, the motion was approved as an amendment to next year’s budget bill, for which the consent of the Leader Ayatollah Seyyed Ali Khamenei has been obtained.
Details about projects eligible for the sovereign wealth fund and the respective amounts were outlined by ICANA are as follows...

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