Iran’s National Development Fund Eyes Probable Sanctions Lift
In early February, Iran’s National Development Fund (NDF) announced a US$ 4.8 billion withdrawal to assist in oil and gas field development. With a high probability of Western sanctions being lifted, the strategic development sovereign wealth fund (SDSWF) is looking to partner more with other government entities, companies and wealth funds. Iranian President Hassan Rouhani mentioned the use of exports credits from the NDF. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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