National Development Fund Approves $340 Million in Forex Facilities to Rebuild War Damaged Industries

Mehdi Ghazanfari, chairman of Iran's National Development Fund, said at a press conference marking Journalists' Day on Saturday, 17 Mordad 1405 (8 August 2026), that the fund has approved 340 million dollars in foreign currency financing to rebuild industries damaged by the war, with the banking process assigned to Bank Shahr and Bank Tejarat; he said the related files are now under bank review.

Ghazanfari also said the fund has recovered an average of 2 billion dollars a year in overdue receivables, bringing the total recovered so far to 12.8 billion dollars, while another 22.3 billion dollars remains overdue, of which the National Iranian Oil Company's share is estimated at 17 billion dollars. He stressed that the National Development Fund has no role in the country's Kalabarg food coupon program and only provides financing the government requests, within the law.