Economics
Iran Will Need to Tap Wealth Fund for Flood Damage, ISNA Reports
- Damage to agricultural land runs to $230 million, agency says
- Floods have killed 70 people since they started last month
Food-hit areas in Golestan Province in northern Iran on March 21.
Source: Presidency of Iran
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Flood damage in western Iran exceeds the government’s budget for disaster relief and officials will have to tap the country’s sovereign wealth fund to cover reconstruction costs, the semi-official Iranian Students’ News Agency reported.