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FinancialNews
13-04-20
IMF to assist Iran financially despite U.S. efforts to sabotage disbursement of funds
(MENAFN) The International Monetary Fund (IMF) is able to give Iran its fair financial assistance regardless of the U.S. efforts to sabotage the disbursement of the funds.
The U.S. which has a 16.51 percent vote share in IMF can't veto the IMF board but it could use its sanction powers to ruin the process.
The U.S. administration has been trying to stop Iran from reaching its financial resources all around the world during the COVID-19 pandemic and the Islamic Republic has asked the IMF for a USD5 billion loan which has also faced the U.S. opposition.
The European Union has expressed its support for Iran's demand, calling on the Trump administration to ease its economic pressure on Iran at this time of crisis.
MENAFN1304202000450000ID1100014737
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