National Development Fund of Iran Drained by Regime Mismanagement and Military Control

Regarding the National Development Plan Zaid recalls the anecdote of Luis Echeverría when he told the Secretary of Finance that from now on the economy was managed from Los Pinos. So it was and so it was.There are numerous texts in which Gabriel Zaid dedicates himself to making common sense observations about the presidential economy. In several of them (I do not remember in which but it must be in the economic volumes of his complete works), he…

National Development Fund of Iran Drained by Regime Mismanagement and Military Control

Statistics from the Iranian regime’s Majlis (parliament) Research Center show that since the establishment of the National Development Fund in 2011 until March 2024, about 82% of its $161 billion revenue has been spent, and 88% of the loans disbursed were allocated to the government and public institutions such as the Islamic Revolutionary Guard Corps (IRGC). Of the $132 billion in loans disbursed by the fund over 13 years, only $8 billion has b…