Chairman of the Iranian Parliament’s National Security and Foreign Policy Committee Mojtaba Zonnouri said the three European powers who are member to an international nuclear deal with Iran are unwilling to use a proposed financial mechanism for processing Tehran’s loan request from the International Monetary Fund (IMF).
The New Development Bank established by the BRICS group of emerging nations has approved a $1 billion COVID-19 emergency loan to South Africa to help reduce the socio-economic impacts of the pandemic, the National Treasury said.
Iran’s chief banker said cheap loans for businesses struggling with the new coronavirus pandemic will be available in late May as the country tries to cushion the economy against the impacts of the disease.
The International Monetary Fund is still assessing Iran’s request for $5 billion in emergency financing in a process which is taking time partly because of the IMF’s limited engagement with Tehran in recent times, a senior IMF official said Wednesday.
A senior Democratic senator urged US President Donald Trump to approve Iran's request for a $5bn loan from the International Monetary Fund (IMF), saying that it is "in the interest of international security" to help Iran contain the spread of the coronavirus.
Iranian Vice President for Economic Affairs Mohammad Nahavandian says neither the United States, nor any other country in the world, has the power to veto the loan requests of International Monetary Fund (IMF) member states.
Iran’s top security official said on Sunday the efforts made by the administration of US President Donald Trump to block Tehran’s access to financial and other resources it needs to contain an ongoing pandemic of new coronavirus, known as COVID-19, amount to crime against humanity.