Proposed $300 Billion Private Investment Fund Would Back Iran Economy
Summary
- Reuters reported that a preliminary agreement between the US and Iran includes the creation of a $300 billion private investment fund to support Iran’s economy.
- The fund would launch only after the US and Iran reach a final agreement, with no government money involved, and more than half of the total has already been secured through expressions of investment interest.
- Market participants said the plan, if realized, could pave the way for a large inflow of foreign capital into Iran’s economy, which has been weakened by years of sanctions.
Forecast Trend Report by Period
Reuters reported on June 16 that a preliminary agreement between the US and Iran includes a plan to create a $300 billion private investment fund to support Iran’s economy.
The fund would launch only after the US and Iran sign a final agreement, and no government money would be used.
The capital would be raised from private companies in the US, the Gulf region, Asia, South America and Africa.
A source told Reuters that more than half of the total has already been secured in the form of expressions of investment interest.
The fund is intended to support Iran’s economic reconstruction, infrastructure investment and private-sector activity.
Its launch and the deployment of capital would depend on the US and Iran reaching a final agreement covering the nuclear issue and sanctions relief.
If carried out, the plan could pave the way for a large inflow of foreign capital into Iran’s economy after years of sanctions, according to market participants.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
