The framework agreement between the U.S. and Iran includes plans to establish a private fund worth $300 billion to drive investment in Iran. This was reported to Reuters by a source "with direct knowledge of the agreement." According to the source, more than half of the fund has already been pledged through commitments from companies in the U.S., Gulf states, Asia, South America and Africa. The fund will become operational only after the final agreement is signed and will be managed through a private mechanism without government funds and separately from negotiations over Iran's frozen sovereign assets abroad.