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Sunday 23 February 2014
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NDFI resources exceed $ 58.6 billion

NDFI resources exceed $ 58.6 billion

January 5, 2013 marks the third year of NDFI establishment. Accumulation of USD 58.6 billion amid the harshest sanctions and around USD 22.5 billion of loans extended/earmarked in this short period are indicatives of NDFI determination to play its developmental role in the domestic arena. In this current year, NDFI received 26% of oil revenues for the first 8 months plus 2% for the repayment of Ne...
NDFI resources exceed $ 42 billionJanuary 5, 2013 marks the third year of NDFI establishment. Accumulation of USD 58.6 billion amid the harshest sanctions and around USD 22.5 billion of loans extended/earmarked in this short period are indicatives of NDFI determination to play its developmental role in the domestic arena.
In this current year, NDFI received 26% of oil revenues for the first 8 months plus 2% for the repayment of New Year Bonus which had been given last year1. For the remaining 4 months, the share of NDFI fell to 20% (plus 2%) to leave the remaining 6% of revenues for the Government to settle its problems. NDFI share of oil and gas revenues, by its Articles of Association, cannot fall below 20% of oil and gas export revenues. That number, as approved by the Parliament, will be 29 plus 2 percent for the next Iranian year.
The Annual Budget will soon be ratified and approved. NDFI is required to enhance its domestic activities. NDFI has already started reviewing its bylaws, procedures and mechanisms. The plus 35 billion of available assets will be directed towards domestic or international investments to boost the economy, yield return and develop the country.
On international operations, the transparency rating, based on Truman Scoreboard, improved by 22 steps, from 19 to 41. Meetings with international renowned institutions, such as IMF, has been another issue of focus for NDFI which will continue in future at a faster pace. NDFI is going to enhance relations with IFSWF and its members, so, in addition to contribution to IFSWF studies and analysis, hosting the seventh IFSWF Annual Meeting in 2015 has been planned. The annual meeting will be followed by the NDFI International Conference (NIC2015), providing a two-day time for exchanging views and sharing experiences. The practitioners and experts can find NIC2015 a good opportunity to learn the latest from SWFs officials and other interested experts.
I hope these collaborative activities result in a better world for the generations that we try to save their shares.

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  • NDFI resources exceed $ 58.6 billion

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