TEHRAN - Proven assets of Iran’s National Development Fund (NDF) amount to $18.1 billion, which is roughly $14 billion less than the previously estimated figure of $32 billion, the board of directors of the fund said in a statement.
Some $52.9 billion were deposited to the fund by July 22, but if the fund’s debts are deducted from the sum, just $18.1 billion will remain, the statement said.
On Monday, Iranian First Vice President Es’haq Jahangiri said that assets of the NDF amount to $32 billion, which is roughly $22 billion less than the previously estimated figure of $54.6 billion.
Earlier this month, the ex-director of the NDF Mohammad-Reza Farzin said that the NDF holds $54.6 billion.
The NDF has financed $23.6 billion worth of projects so far, Farzin added.
To date, the fund has provided money for implementing 376 projects, he further said.
In September, the NDF deputy director Qasem Hosseini said that assets of the NDF will increase by over $8 billion in the current Iranian calendar year to reach $61 billion.
If the projected oil revenues are gained, the fund’s assets will hit $61 billion by the end of the year, Hosseini said.
The current Iranian calendar year began on March 21, 2013.
The NDF assets amounted to $49.9 billion in the past Iranian calendar year, he said. Iran transfers 20 percent of its oil revenues to the NDF.
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