A source with direct knowledge of the deal tells Reuters that more than half of the $300 billion private investment fund included in the draft US-Iran framework has already been allocated. The fund is designed to encourage private investment in Iran, not government aid, and is part of the memorandum of understanding reportedly being circulated among G7 nations.
A source with direct knowledge of the deal told Reuters on Wednesday evening that over $150 billion of a planned $300 billion private investment fund for Iran has already been committed. The fund is structured as a private vehicle, not government aid, and is part of the draft memorandum of understanding between the U.S. and Iran.
Earlier today, Reuters reported the $300 billion figure as part of the MOU draft. The Zioneer reported earlier Wednesday that the U.S. has begun circulating the draft MOU to G7 countries (Wed 12:04), and on Tuesday that over $150 billion in commitments had already been secured (Tue 21:37). The fund is reportedly financed by companies from the U.S., Gulf states, Asia, South America, and Africa.
The new detail in Wednesday's report is a figure from a source directly involved in the deal stating that a majority of the fund — more than half — has already been allocated. The report does not specify which entities have made commitments or on what timeline the fund will be operational if a final agreement is reached.
6 developments
- StrongReuters: UAE agrees to release ~$10B in frozen Iranian funds, $3B reportedly transferred
- DevelopingLeaked MOU Reveals $12 Billion Pre-Negotiation Payment to Iran, Missile Program Removed from Agenda
- DevelopingIsraeli commentator calls Vance's $300 billion Iran fund pledge an empty bluff
- StrongTrump denies US funding $300 billion Iran reconstruction fund, calls claim a lie
Source and signal
- Internal intake