NDFI Says to Lend $550m for Development Projects

The National Development Fund of Iran, the sovereign wealth fund, plans to give 150 trillion rials ($550 million) in loans to finance development projects, a member of NDFI executive board said.  
Alireza Mirmohammad-Sadeqi said the money will go for projects in the agricultural, tourism, industry/mines and food processing sectors. 
“The plan calls for investing 20 trillion rials [$74m] in knowledge-based projects,” he was quoted as saying by IRIB News.