COVID-۱۹: Iran Urges IMF To Move On Emergency Loan

COVID-19: Iran Urges IMF To Move On Emergency Loan 03/29/20

Source: RFE/RL

Iranian President Hassan Rohani has urged the International Monetary Fund (IMF) to provide Tehran a multibillion-dollar emergency loan it had requested to combat the coronavirus outbreak.

Iran's President Hassan Rouhani appealed to the International Monetary Fund Wednesday to approve a $5 billion emergency loan request to combat its #COVID19 outbreak.https://t.co/MYv1aF4hE1

— Bourse & Bazaar (@BourseBazaar) April 8, 2020

The epidemic has further damaged Iran's economy, already battered by U.S. sanctions that were reimposed after Washington in 2018 withdrew from a landmark deal between Tehran and world powers to curb the country's nuclear program.

Tehran, as well as several countries, the United Nations, some U.S. lawmakers, and human rights groups have urged the United States to ease the sanctions to help Iran respond more effectively to the virus.

The outbreak has officially infected more than 64,500 people and killed over 4,000 in the country. Iranian officials have been criticized for their slow initial response to the pandemic, and experts have been skeptical about the veracity of official figures released by the authorities, who keep a tight lid on the media.

Official Iran's statistics on coronavirus as of April 8
Infections: 64,586
Deaths: 4,003
New Cases: 1,997
Recovered: 29,812

"We are a member of the IMF.... There should be no discrimination in giving loans," Rohani said in a televised cabinet meeting on April 8.

"If they do not act on their duties in this difficult situation, the world will judge them in a different way," he added.

Last month, the Central Bank of Iran asked the IMF for $5 billion from its Rapid Financing Initiative to help to fight the pandemic in one of the hardest-hit countries in the world.

An IMF official was quoted as saying the Washington-based lender was in dialogue with Iranian officials over the request.

Iran has not received assistance from the IMF since a "standby credit" issued between 1960 and 1962, according to the fund's data.

The U.S. plans to block Iran's requested $5 billion emergency loan from the International Monetary Fund for funding Tehran says it needs to fight its coronavirus crisis https://t.co/5NfUXs1zgl

— The Wall Street Journal (@WSJ) April 8, 2020

U.S. President Donald Trump has offered some humanitarian assistance, but Iranian officials have rejected the offer, saying Washington should instead lift the sanctions, which Rohani on April 8 equated to "economic and medical terrorism."

Medicines and medical equipment are technically exempt from the U.S. sanctions but purchases are frequently blocked by the unwillingness of banks to process transactions for fear of incurring large penalties in the United States.

In one of the few instances of aid, Britain, France, and Germany used a special trading mechanism for the first time on March 31 to send medical supplies to Iran in a way that does not violate the sanctions.

The three countries sent supplies via Instex, the mechanism set up more than a year ago to allow legitimate humanitarian trade with Iran.

On April 7, Iran's parliament reconvened for the first time since the coronavirus outbreak forced it to close, and rejected an emergency bill calling for a one-month nationwide lockdown.

More than two-thirds of the legislature's 290 members gathered in the absence of speaker Ali Larijani, who tested positive for the virus last week.

During the session, deputy speaker Massud Pezeshkian criticized the Rohani administration for "not taking the outbreak seriously."

Reporters Without Borders (RSF) on April 7 condemned the detention of journalist and workers' rights defender Amir Chamani in the northwestern city of Tabriz after he posted tweets about the health situation in Iran's prisons and protests by inmates.

The Paris-based media freedom watchdog quoted Chamani's family as saying he was detained on April 2 after being summoned by the cyberpolice.

The authorities have given no reason for the arrest of Chamani, who was transferred to a detention center run by the intelligence department of the Islamic Revolutionary Guards Corps, according to RSF.