Manufacturing sector of Iran to be funded from National Development Fund

The Iranian government and parliament have agreed to finance manufacturing sector projects with proceeds from the National Development Fund (NDF) and the export of oil, Trend reports with reference to the agency IRNA.

The NDF has allocated $3 billion of its assets in the form of loans to finance agriculture and industry, NDF deputy governor Mohammad-Hossein Ghasemi said earlier, noting that the funds allocated for projects in the fields of industry, agriculture and water supply will be transferred into rials, the Fars agency reports.