WASHINGTON, May 29 (Xinhua) -- A draft memorandum of understanding between Washington and Tehran includes provisions for a postwar "investment fund" that could channel billions of dollars into Iran if a final agreement is reached, The New York Times reported on Friday, citing sources involved in the matter.
An Iranian official, who described it as a "reconstruction program," as well as one diplomat involved, put it at 300 billion U.S. dollars, said the report.
Two diplomats called it an international "investment fund," which the United States would help facilitate in the event of a final deal. They said plans for such a fund would be further discussed during the negotiation period.
Earlier in the talks, Tehran had demanded reparations for bombardment damage that some Iranian officials estimate at 300 billion to 1 trillion dollars.
U.S. and Iranian negotiators have reached an agreement on the memorandum of understanding to extend the ceasefire by 60 days and launch talks on Iran's nuclear program, but U.S. President Donald Trump has yet to give his final approval, multiple U.S. media outlets reported on Thursday. ■
