U.S. to Block Iran’s Request to IMF for $5 Billion Loan to Fight Coronavirus

Joseph B. Hash

The U.S. plans to block Iran’s asked for $5 billion emergency bank loan from the Global Financial Fund for funding Tehran states it requirements to struggle its coronavirus crisis. Senior officers in the Trump administration explained Iran’s govt has billion-dollar accounts still at its disposal. If authorized to tap IMF […]

The U.S. plans to block Iran’s asked for $5 billion emergency bank loan from the Global Financial Fund for funding Tehran states it requirements to struggle its coronavirus crisis.

Senior officers in the Trump administration explained Iran’s govt has billion-dollar accounts still at its disposal. If authorized to tap IMF funding, the officers explained, Tehran would then be able to divert these or other funds to help its overall economy, which has been weakened by U.S. sanctions, or finance militants in the Center East, rather than on that contains…

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