News ID: 202429
Published: 1042 GMT October 15, 2017

No change on loans to Iran: IMF

No change on loans to Iran: IMF
International Monetary Fund Managing Director Christine Lagarde (KEVIN DIETSCH/UPI/LICENSE)

Managing Director of International Monetary Fund (IMF) Christine Lagarde said that there will be no change in IMF policy regarding funds to Iran after the US policy change.

According to India's Z business, responding to a question about the new policy of US President Donald Trump who has strongly urged the IMF and World Bank not to provide loans or funds to Iran, Lagarde said in a press conference, “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, IRNA reported.”

She added, “We operate with 189 members and we only provide support and enter into program negotiations when a country asks for it.”

Although the International Atomic Energy Agency (IAEA) has eight times confirmed Iran abidance by the Joint comprehensive Plan of Action (JCPOA), Trump said on Friday that he will not certify Iran's abidance by the nuclear agreement it signed with the major world powers in 2015. He also threatened to roll back the deal completely if the US Congress cannot find a solution to change the deal.

World leaders, especially those directly concerned with the deal, have made outspoken reactions to the remarks.

Federica Mogherini, the foreign policy chief of the European Union, who was one of the key participants of the nuclear talks in 2015, denounced Trump's decision in decertifying Iran's deal.

“A nuclear agreement which is working well cannot be dismantled,” she said.

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