Iran’s Economy Minister Urges National Development Fund to Pursue Profitable Foreign Investments

NDF must engage in large-scale, foreign currency-generating investments: economy minister

TEHRAN- The Minister of Economic Affairs and Finance emphasized the need for a shift in the approach of the National Development Fund (NDF), stating that the fund must play a more serious role in large-scale and profitable investments, particularly in the upstream oil and gas sector, and allocate its resources in a leveraged manner to projects with foreign currency generation potential.