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About: National Development Fund of Iran     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatFinancialServicesCompaniesOfIran, within Data Space : dbpedia.org associated with source document(s)

Type: Thingcompanyschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterpriseyago:WikicatOrganisationsBasedInIranyago:Abstraction100002137yago:AdministrativeUnit108077292yago:Agency108337324yago:Company108058098yago:Group100031264yago:Institution108053576yago:Organization108008335yago:WikicatGovernmentAgenciesEstablishedIn2011yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityorganisationyago:SocialGroup107950920yago:Unit108189659yago:WikicatFinancialServicesCompaniesOfIran New Facet based on Instances of this Class

The National Development Fund of Iran (NDFI) (Persian: صندوق توسعه ملی) is Iran's sovereign wealth fund. It was founded in 2011 to supplement the Oil Stabilization Fund. NDFI is independent of the government's budget. Based on Article 84 of the Fifth Five-year Socio-Economic Development Plan (2010–2015), the National Development Fund was established to transform oil and gas revenues to productive investment for future generation. It is a member of the International Forum of Sovereign Wealth Funds and therefore is signed up to the Santiago Principles on best practice in managing sovereign wealth funds. Withdrawing any money from this fund requires Khamenei's permission.