According to the report of the National Development Fund, Mehdi Ghazanfari, referring to the resolution of the parliament according to which the National Development Fund was authorized to use its financial resources to finance plans and projects in the form of investment or facilitation, said said: Finance and production skip the amendment of two laws on maximum production capacity and the removal of obstacles to production have been under consideration in the Islamic Council for a month, and article 13 of this law has allowed the National Development Fund to invest.
He continued: This issue has been pursued by the National Development Fund for a long time, because some people have raised this ambiguity that the statutes of the National Development Fund do not clearly mention investment. Of course, this is not a correct ambiguity, but eventually this matter was approved as the permanent law of the land.
The Chairman of the Board of the National Development Fund explained about Article 13: According to Article 13, the National Development Fund is authorized to finance production and infrastructure projects in foreign currency and in riyal with a board-approved mechanism. both through investment and facilitation.
He added: In fact, this paragraph not only did not destroy the previous modes of financing the National Development Fund, but added a new element to the financing capabilities of this fund, which is investment.
In a situation where the country is in urgent need of investments, the use of the resources of the National Development Fund can help in the field of production and development of the country and investment.
Ghazanfari further added: Therefore, a matter which has already been approved by the National Development Fund Board; By law and after approval by the Guardian Council, it becomes enforceable.