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Debt Collection Is Improving: NDFI
Head of the National Development Fund of Iran (NDFI) said repayment of loans given by the sovereign wealth fund has gained pace in recent months.
“Since the beginning of the last fiscal year March 2021 up until now, we have collected debts three times more than the same period in the previous year,” Mehdi Qazanfari told IBENA.
NDFI is independent of the government and was set up in 2011 to curb dependency on oil and save some of the earnings from oil and gas exports for future generations.
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