Iran's Rouhani urges IMF to give Tehran $5 billion coronavirus loan

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Iran's Rouhani urges IMF to give Tehran $5 billion coronavirus loan
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Iran's President Hassan Rouhani said on Wednesday the International Monetary Fund would be guilty of 'discriminatory behaviour' unless it provides $5 billion in emergency funding to help Tehran fight the coronavirus outbreak.

FILE PHOTO: Iranian President Hassan Rouhani speaks during a meeting, as the spread of coronavirus disease continues, in Tehran, Iran, April 5, 2020. Official Presidential website/Handout via REUTERS/File Photo

“I urge international organisations to fulfil their duties ... we are a member of the IMF ... There should be no discrimination in giving loans,” Rouhani said in a televised cabinet meeting. An IMF official has said the Fund is in dialogue with Iranian authorities over the request for financial aid, with talks aimed at understanding Iran’s needs and what is required for Iran’s demand to be processed.

The outbreak has further damaged Iran’s economy, already battered by U.S. sanctions, reimposed since 2018 when Washington exited Iran’s 2015 nuclear deal with six powers.

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