17th April, 2025
In 2011, Iran launched the National Development Fund (NDF) with the lofty ambition of preserving its oil wealth for future generations, insulating the economy from oil price shocks, and funding sustainable, private-sector-led development.
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23rd January, 2023
Iran’s sovereign wealth fund is help strengthen the country’s political and economic bonds with Venezuela with the US$139 billion National Development Fund of Iran (NDFI) in an usual act of soft power diplomacy.
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1st August, 2022
During Covid-19, the NDFI played an important role in Iran as it supported the production of vaccines and stabilized capital markets. With assets of over US$ 140 billion, the fund is now ready for some changes including investments overseas. We had the immense pleasure of hearing about its latest developments and future plans from its Chairman, Dr. Ghazanfari.
13th June, 2022
Last Saturday, the National Development Fund of Iran (NDFI) unveiled a secret the international press had long wondered about: the current state of its balance sheet. And to the surprise of many, the number was US$ 139 billion, including US$ 110 billion in loans and US$ 29 billion in cash. According to Global SWF ranking, that makes it the world’s 17th largest SWF.
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