Volume. 12227

IMF delegation meets Iran’s NDF director
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c_330_235_16777215_0___images_stories_edim_url(1).jpgTEHRAN – A delegation from the International Monetary Fund (IMF) met the director of the National Development Fund (NDF) of Iran, IRIB reported on Wednesday.

The IMF delegation was led by Martin Cerisola. Safdar Hosseini is the NDF director.

The NDF is Iran's sovereign wealth fund. It was founded in 2011 to replace Oil Stabilization Fund.

The NDF forecasts it total assets increase by $17.5 billion in the next Iranian calendar year, which will begin on March 21, 2014.
Iran will deposit 31 percent of its oil income to the NDF next year.

On January 23, IMF said it will resume annual evaluations of Iran's economy, suspended by Tehran since the organization's last mission nearly three years ago.
"There's an agreement to undertake an article IV review in Iran... There was a bit of a break in recent years," IMF spokesman William Murray said.
An IMF team visited the country in November to learn about the economic plan of the government of President Hassan Rouhani, who was elected in June.
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