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IAEA Secures Funding for Monitoring Iran Deal

IAEA Secures Funding for Monitoring Iran Deal
IAEA Secures Funding for Monitoring Iran Deal

Several states pledged on Thursday to back a UN nuclear agency request for 4.6 million euros ($5.7 million) as soon as possible to pay for its monitoring of an extended, interim nuclear deal between Iran and the major powers.

The support voiced at a meeting of the International Atomic Energy Agency (IAEA) highlighted the political importance of efforts to end a 12-year dispute over Iran’s nuclear program, also for countries not directly involved in the diplomacy.

Norway pledged 1 million euros - more than a fifth of the total - and the Netherlands promised 100,000 euros, diplomats who attended the closed-door session in Vienna said, Reuters reported.

The United States and Britain, which are engaged in negotiations with Iran, said they would help. “We would like to announce our intent to make an additional extra-budgetary contribution,” US Ambassador Laura Kennedy said. Iran and the United States, France, Germany, Britain, China and Russia failed last month to meet a self-imposed deadline to resolve the standoff, extending the talks seven more months.

Iran and the major powers will resume their talks on a final nuclear deal in Geneva on December 17.

IAEA inspectors are checking that Iran meets its commitments under a preliminary deal to temporarily scale down parts of its nuclear work in exchange for some easing of sanctions. IAEA Director General Yukiya Amano told its 35-nation governing board about the need for new voluntary budget contributions, in addition to requests totaling 6.5 million euros in January and July.

“I invite member states which are in a position to do so to make the necessary funding available as soon as possible in order to ensure smooth continuation of our activities,” he said.

The European Union said it was “prepared to consider sympathetically the resource needs” of the IAEA.

IAEA inspectors visit Iran’s enrichment facilities of Natanz and Fordo daily, versus about once a week before the November 2013 agreement. The agency has also procured specialized equipment for its analytical work.

Amano said the IAEA’s workload had greatly increased and that many staff “working on this matter will give up their Christmas and New Year holidays this year.”

 

Financialtribune.com