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U.S. to block Iran’s $5 billion IMF loan to fight coronavirus

panarmenian.net04/9th/2020, 7:42

U.S. to block Iran’s $5 billion IMF loan to fight coronavirus

April 9, 2020 - 11:35 AMT

PanARMENIAN.Net - The United States is planning to block Iran’s request for a $5 billion emergency International Monetary Fund loan to fight coronavirus, Bloomberg reports.

Iran's Supreme Leader Ayatollah Ali Khamenei has billions of dollars stashed away that could be tapped to fight the virus, according to a senior administration official, who asked not to be identified discussing private deliberations. Iran wouldn’t meet IMF financial transparency requirements regardless, the official said.

The Trump administration says Iran has rebuffed its offers of help. Officials have also pointed to remarks by President Hassan Rouhani that U.S. sanctions haven’t prevented Iran -- one of the worst-hit nations in the pandemic -- ...

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