NDFI Now Satisfied With Billions in Debt Collection

The National Development Fund of Iran has collected $5.5 billion from the $7 billion unpaid by borrowers, the director of the sovereign wealth fund said.
“This was after protracted negotiations with borrowers over the need to clear forex debts,” Mehdi Ghazanfari was quoted by IBENA as saying.  
“Now that almost 75% of the debt has been repaid, we are focusing on talks mostly with power plants sector to collect the balance,” Ghazanfari said. He expressed the hope that pending debt to the NDFI would reach less than $500 million before the yearend next March.