The National Development Fund of Iran (NDFI; Persian: صندوق توسعه ملی) is Iran's sovereign wealth fund. It was founded in 2011 to supplement the Oil Stabilization Fund. NDFI is independent of the government's budget.[3] Based on Article 84 of the Fifth Five-year Socio-Economic Development Plan (2010–2015), the National Development Fund was established to transform oil and gas revenues to productive investment for future generation.[4] It is a member of the International Forum of Sovereign Wealth Funds and therefore is signed up to the Santiago Principles on best practice in managing sovereign wealth funds.[5] Withdrawing any money from this fund requires Khamenei's permission.[6]
Accordingly, 20% of oil income is to be transferred to the National Development Fund and this percentage increases 3% annually until the end of the Fifth Five-year Socio-Economic Development Plan. The new fund is to extend 50% of its financial facilities to private, cooperative and non-governmental sectors and 20% to promote foreign investment (inward and outward).[7][8][9] The remaining 30% is invested (in capital markets) abroad.[3]
NDFI's reserves stood at $24.4 billion in 2011 and $35 billion in 2012.[2][10] It is foreseen that the Development Fund will reach $55 billion by March 2013 and $61 billion by March 2014.[2][11] In October 2023, the fund has US$10 billion in assets under management.[12]
^,واریزی صندوق توسعه ملی 64 میلیارد و 827 میلیون دلار Archived 4 August 2016 at the Wayback Machine
^ abcIran oil development fund could reach 55 billion Archived 10 April 2012 at the Wayback Machine
^ abMazyar mazraati (11 July 2014). "National Development Fund of Iran an overview of activities". Archived from the original on 15 March 2016. Retrieved 23 April 2018 – via YouTube.
^"National Development Fund of Islamic Republic of Iran > About NDF > Articles of Association". en.ndf.ir. Retrieved 10 August 2023.
^International Forum of Sovereign Wealth Funds. "IFSWF Our members". Archived from the original on 27 September 2016. Retrieved 24 September 2016.
^"Iran leader approves tapping sovereign fund for flood relief". Reuters. 15 April 2019. Retrieved 27 October 2023.
^Economy Archived 30 January 2009 at the Wayback Machine
^"Archived copy" (PDF). Archived (PDF) from the original on 2 February 2011. Retrieved 1 October 2017.{{cite web}}: CS1 maint: archived copy as title (link)
^"Iran's NDF allocates $3.8b to private sector - Tehran Times". Archived from the original on 4 November 2011. Retrieved 9 January 2012.
^"National Development Fund allocates $500m to cooperatives bank - Tehran Times". Archived from the original on 16 May 2012. Retrieved 24 December 2011.
^"Iran's National Development Fund to boost assets to $61B". Payvand. 21 March 2013. Archived from the original on 31 December 2013. Retrieved 30 December 2013.
^"National Development Fund of Iran (NDFI) - Sovereign Wealth Fund, Iran - SWFI". www.swfinstitute.org. Retrieved 1 January 2022.
and 26 Related for: National Development Fund of Iran information
The NationalDevelopmentFundofIran (NDFI; Persian: صندوق توسعه ملی) is Iran's sovereign wealth fund. It was founded in 2011 to supplement the Oil Stabilization...
Fund for Development (ADFD) is a foreign aid agency established by the government of Abu Dhabi in 1971. The fund provides concessionary loans to fund...
independence from parliament and the national budget. The NationalDevelopmentFundofIran (NDFI) does not depend on Iran's budget. But according to the Santiago...
1954) is an Iranian academic and politician, who has served in various cabinet posts. He was chairman of the NationalDevelopmentFundofIran from 2013...
by the fund on ethical grounds. The Government Pension Fund Norway is smaller and was established in 1967 as a type ofnational insurance fund. It is...
Republic Development Bank is an Iranian government bank that is to be managed by the Central Bank ofIran. The plan to create the development bank was...
marine capacities into sustainable national interests. The fund was established to enable sustainable development in Iran's marine industry. It acts as an...
Special United Nations Fund for Economic Development (SUNFED) (which was initially called the United Nations Fund for Economic Development (UNFED). Countries...
completion of the rail link by March 2022, utilising the NationalDevelopmentFundofIran to complete the project. Chabahar's connection to the country's...
display the Persian text in this article correctly. Iran, officially the Islamic Republic ofIran (IRI), also known by the Western term Persia, is a country...
OPEC Fund for International Development (OPEC Fund) is an intergovernmental development finance institution established in 1976 by the member states of the...
some funding for the channel coming from people closely associated with them, such that the Iranian government has specified the tethering ofIran International's...
Iran". He said in his view the United States needs to make it clear to the Iranians that their alleged developmentof nuclear weapons and fundingof organizations...
founding member of the Asian Clearing Union, controls gold and capital flows overseas, represents Iran in the International Monetary Fund (IMF) and internationally...
The National Council of Resistance ofIran (NCRI; Persian: شورای ملی مقاومت ایران, romanized: Šurā-ye melli-e moqāvemat-e Īrān) is an Iranian political...
The president ofIran (Persian: رئیسجمهور ایران, romanized: Rayis Jomhur-e Irān) is the head of government of the Islamic Republic ofIran. The president...
Islamic Development Bank nor the Islamic Relief Worldwide organization has ever been designated a terrorist entity or as an organization funding terrorism...
1938) is the widow of the last Shah ofIran, Mohammad Reza Pahlavi, and was successively Queen and Empress (شهبانو, Shahbanu) ofIran from 1959 to 1979...
Command of the Islamic Republic ofIran, previously known as the Law Enforcement Force of the Islamic Republic ofIran or Disciplinary Force of the Islamic...