Volume. 12229

Iran’s NDF allocates $2.3b for anti-recession plan
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c_330_235_16777215_0___images_stories_edim_04_mg3(33).jpgTEHRAN – The National Development Fund (NDF) of Iran has allocated 70 trillion rials (about $2.3 billion) for the anti-recession plan, which has been outlined by President Hassan Rouhani, according to NDF Chairman Safdar Hosseini.
Also, NDF will invest $10 billion in water preservation and agricultural development projects over the course of 3-4 years, the Mehr News Agency quoted Hosseini as saying on Sunday.
He put the current value of NDF at $64.8 billion.
Iranian President Hassan Rouhani has prioritized policies to help the national economy emerge from recession.
In line with the policies, the government must take action to increase the production and exportation of non-oil products and to develop markets in neighboring countries.
Moreover, at least $2 billion will be invested in water preservation projects in the current Iranian calendar year (March 2014-March 2015).

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