President Hassan Rouhani pressed harder on Wednesday for a $5 billion emergency IMF loan Iran has sought to fight the Middle East's worst coronavirus outbreak, saying the Fund would be guilty of discrimination if it withholds the money.
DUBAI - President Hassan Rouhani pressed harder on Wednesday for a $5 billion emergency IMF loan Iran has sought to fight the Middle East’s worst coronavirus outbreak, saying the Fund would be guilty of discrimination if it withholds the money.
Iran’s central bank wrote last month to the International Monetary Fund to request the $5 billion from its Rapid Financing Initiative, an emergency programme that aids countries faced with sudden shocks such as natural disasters. It was Tehran’s first request for IMF aid since Iran’s 1979 Islamic Revolution.
Iran has banned intercity travel and shut non-essential businesses to fight an outbreak that according to official figures has killed 3,993 people and infected 64,586. An IMF official has said the Fund is in dialogue with Iran, with talks aimed at understanding Iran’s needs and what is required for the loan request to be processed.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. to Block Iran’s Request to IMF for $5 Billion Loan to Fight CoronavirusThe U.S. plans to block Iran’s requested $5 billion emergency loan from the International Monetary Fund for funding Tehran says it needs to fight its coronavirus crisis.
Read more »
Iran's Rouhani urges IMF to give Tehran $5 billion coronavirus loanIran's President Hassan Rouhani said on Wednesday the International Monetary Fund would be guilty of 'discriminatory behaviour' unless it provides $5 billion in emergency funding to help Tehran fight the coronavirus outbreak.
Read more »
Iran doesn't agree with OPEC+ meet without clear outcome - ministerIran does not agree with holding any OPEC+ meeting in the absence of a clear proposal and expected outcome from such talks for the oil market, its oil minister said in a letter to OPEC and seen by Reuters.
Read more »
Iran's Rouhani urges IMF to give Tehran $5 billion coronavirus loanIran's President Hassan Rouhani said on Wednesday the International Monetary Fund would be guilty of 'discriminatory behaviour' unless it provides $5 billion in emergency funding to help Tehran fight the coronavirus outbreak.
Read more »
What You Need To Know About The Paycheck Protection ProgramThe Paycheck Protection Program provides $349 billion in forgivable loans to help small businesses stay afloat during the COVID-19 crisis.
Read more »
U.S. to Block Iran’s Request to IMF for $5 Billion Loan to Fight CoronavirusThe U.S. plans to block Iran’s requested $5 billion emergency loan from the International Monetary Fund for funding Tehran says it needs to fight its coronavirus crisis.
Read more »