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Iran begs IMF for $5bn emergency funding to fight Coronavirus

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Iran has asked the International Monetary Fund, IMF, for emergency funding to help it fight the coronavirus outbreak, which has hit the Islamic Republic hard.

Foreign Minister Mohammad Javad Zarif made this known in a tweet on Thursday.

Mr Zarif tweeted that the IMF managing director, Kristalina Georgieva, has stated that countries affected by #COVID19 will be supported via Rapid Financial Instrument.

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“Our Central Bank requested access to this facility immediately,’’

Iran’s Central Bank chief Abdolnaser Hemmati wrote on his Instagram page that Iran has requested for IMF fund.

“In a letter addressed to the head of IMF, I have requested five billion U.S. dollar from the RFI emergency fund to help our fight against the coronavirus.’’

READ ALSO:   90 countries seek emergency funds as world economy stands still – IMF

Reuters/NAN

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