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00:02A $300 billion private investment fund outlined in the U.S.-Iran framework agreement
00:07has already secured commitments from more than half its target,
00:11a source with direct knowledge of the deal told Reuters.
00:14The fund, called the Reconstruction and Development Fund,
00:18is a private vehicle with no government money or grants,
00:21and spans energy, logistics, manufacturing, and transport.
00:25Companies from South Korea, Japan, Singapore, Malaysia, and the United States
00:31are among those that have committed financing.
00:33The fund will not launch until a final deal is signed,
00:37with a 60-day memorandum structuring negotiations on nuclear, sanctions, and regional security issues.
00:44For all things money, visit Benzinga.com.
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