National Development Fund of Iran

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).

[12] The National Development Fund of Iran (NDFI) aims to turn some of the country's revenue earned by selling oil, gas, gas condensate and oil products to durable wealth, productivity, economic incentive and capital.

The NDFI also aims to preserve the share of oil and gas resources and products for future.

According to the Articles of Association, the Managing Board is the executive pillar of the NDFI whose main responsibility is to conclude agency agreements with the banks.

The new fund is to extend 50% of its financial facilities to private, cooperative and non-governmental sectors and 20% to promote foreign investment.

NFDI will increasingly deposit its funds in domestic banks Loans are made in local (Iranian rial) or hard currency.

[17] In 2015, the NDFI has also been used to finance budget deficits which is against its primary assigned objective of being Iran's national "Nest Egg".

NDFI has also a supervisory board made of the Supreme Audit Court and the General Inspection Office.