Lagarde: IMF Policy Toward Iran Unchanged
Economy, Business And Markets

Lagarde: IMF Policy Toward Iran Unchanged

Pressure from US President Donald Trump to withhold International Monetary Fund and World Bank resources from Iran will not sway the international organization to shift policy regarding allocation of funds to Iran, IMF’s managing director said.
“We see no reason to change anything in the guidelines that we have received from the [IMF] board and continue to operate in the same manner,” Lagarde also said at a news conference, Business Standard reported.
The IMF chief was responding to a question on the new policy of Trump who has strongly urged the two institutions not to provide loans or funds to Iran.
“We operate with 189 members and we only provide support and enter into program negotiations when a country asks for it,” she said.
Lagarde’s remarks came shortly after Trump’s incendiary remarks on Friday where he said he has no choice but to decertify Iran’s nuclear accord with world powers, but stopped short of pulling the US out of the accord and left it to the US Congress to make amendments to the deal.
The US president’s previous call on IMF and WB had garnered much criticism from Iranian officials and experts who had said he has no right to do so.
“Before we examine Trump’s call, we should ask does the US own the IMF?” Iran’s Economy Minister Masoud Karbasian had reacted some two weeks ago.
“The answer from Iran and the rest of the world to this question is ‘No’,” he said.
As the minister had outlined, the IMF has a clear statute whereby no one is entrusted with making unilateral decisions, therefore Trump’s call was ignored and slammed for its uncalled for interference.

Short URL : https://goo.gl/1TEy7V
  1. https://goo.gl/as1zna
  • https://goo.gl/pU5dr3
  • https://goo.gl/TERDeC
  • https://goo.gl/ni6Kh1
  • https://goo.gl/uj7i2m

You can also read ...

Most French Firms ‘Won’t Be Able to Stay’ in Iran
Most French companies hoping to keep doing business in Iran...
Iran, Syria Mull Prospects of Economic, Trade Cooperation
Syrian Minister of Economy and Foreign Trade Mohammad Samer al...
Iran to Make Most of Eurasia Preferential Trade Agreement
Iran’s ambassador to Kazakhstan highlighted Tehran’s efforts...
President Hassan Rouhani, flanked by Parliament Speaker Ali Larijani (R) and Judiciary Chief Ayatollah Sadeq Amoli Larijani, attended the meeting in Tehran on June 19.
The Supreme Council of Economic Coordination, a joint meeting...
Iran Steel Output Surges 13%
Iranian steelmakers produced a total of 7.66 million tons of...
Second Preparatory Meeting for ‘Sports Economy Conference’
Donya-e-Eqtesad Media Group played host to the second...
Google to Invest $550m  in China’s JD
Google is investing $550 million in cash in China’s JD.com Inc...
With 35 million active users, Cafe Bazaar is Iran’s largest homegrown app market.
Major Iranian Android app store Cafe Bazaar has forayed into...

Add new comment

Read our comment policy before posting your viewpoints