IMF Should Respond to Iranian Legal Request, CBI Governor Says

[ad_1]

TEHRAN- The governor of the Central Bank of Iran (CBI) said the International Monetary Fund (IMF) should respond to Iran’s legal demand.

Abdolnaser Hemmati said: “We expect the International Monetary Fund to respond to Iran’s legal request as soon as possible, without discrimination, intrusion or pressure from the United States.”

He made the remarks during a virtual meeting held Thursday on the sidelines of the spring 2021 meetings of the World Bank Group and the International Monetary Fund.

During the meeting, which was attended by the governors general of central banks of the MENAP region, the governor of the CBI said that since the coronavirus epidemic, the economies of all countries, especially developing countries, were badly damaged, and Iran is one of them. of the countries most affected by the epidemic in the region.

Referring to the US sanctions against the country, he said: “Despite the sanctions imposed by the United States and the policy of maximum pressure, Iran was able to overcome the problems and take the appropriate measures, but like most countries developing, it needs financial resources to implement its policies. “

Hemmati said the International Monetary Fund has so far granted more than $ 100 billion in loans to 85 countries, adding: “The fund has lent nearly $ 16 billion to countries in the MENAP region, but Iran , which was one of the first countries to apply for emergency funds, was not given any facility, yet received no logical reason for it.

Iranian President Hassan Rouhani called on the International Monetary Fund (IMF) to challenge US resistance and grant the country the $ 5 billion loan that Iran has requested to ease the economic pressure caused by the pandemic.

“We hope that the IMF board will not stay under pressure from the United States and honor its commitments to all countries,” Rouhani said in a statement broadcast on state television.

Battling the coronavirus epidemic in the country, last March Iran asked the IMF for an emergency loan to help it contain the pandemic and mitigate its economic consequences.

In a letter to the IMF in early March 2020, Hemmati requested $ 5 billion from the Fund’s Rapid Finance Initiative (RFI), an emergency program that provides loans to countries facing sudden shocks such as disasters. natural.

Although this was Tehran’s first IMF loan request in nearly six decades, it raised opposition from the United States who said it planned to block the request from Iran.

The US reaction has been seriously blamed by Iranian officials, saying the US has no right to prevent the International Monetary Fund from granting loans to Iran.

Later in April last year, Hemmati wrote on his Instagram page: “We expect the IMF to immediately respond to the request from Iran, which itself is a founding member of the fund.

In an interview conducted by Bloomberg and published at the time, Hemmati said, “We did not ask the United States for help! We have requested the support of the IMF: an apolitical international institution affiliated to the UN and of which we have been one of the founding members and contributors for the past 75 years. The United States is a member of the IMF like about 190 other countries. The last time I checked, the United States does not run the IMF, and the management and the Governing Council are the ones who oversee the work and make sure that the IMF fulfills its mandate. But I would like to reiterate that all United Nations organizations say that the IMF or the WHO should stay out of politics and fulfill their institutional mandates. “

The US approach to Iran’s request drew reactions from other countries as well, as they strongly blamed this position.

MOM

[ad_2]

About Timothy Cheatham

Check Also

David Beckham bids farewell with 2nd MLS Cup title as LA Galaxy defeats Houston Dynamo, 3-1 (video)

[ad_1] Landon Donovan of Los Angeles Galax hoists the trophy as they celebrate after beating …

Leave a Reply

Your email address will not be published.