Iran asks IMF for $5bn combating coronavirus

Health 17:24 12.03.2020

The Central Bank of Iran has asked the International Monetary Fund (IMF) for $5 billion emergency funding to fight a coronavirus pandemic as the number of infections keeps growing in the country, EDNews reports citing Iranian state-media Press TV.

In an Instagram post on Thursday, Abdulnaser Hemmati, governor of the Central Bank, said he had written to the IMF’s head, Kristalina Georgieva, last week to stress Iran’s “right to benefit from the fund’s $50-billion Rapid Financing Instrument (RFI).”

In the letter, the official highlighted the “widespread prevalence” of the virus — called COVID-19 — inside Iran and the need for the country to take measures to prevent further spread, treat the patients and counteract the economic aftermath of the disease.

“Given the size of the Islamic Republic of Iran’s quota in the fund, it calls for the use of the RFI fast financing facility of around $5 billion,” he added.

In a tweet on Thursday, Iran’s Foreign Minister Mohammad Javad Zarif also called on the IMF to extend support to Iran, who is a member state of the Washington-based lender.

Zarif said the IMF managing director “has stated that countries affected by #COVID19 will be supported via Rapid Financial Instrument. Our Central Bank requested access to this facility immediately.

“We have identified 1,075 new confirmed cases of COVID-19 in the last 24 hours, meaning that there are 10,075 infected people in the country. The death toll is 429,” Health Ministry spokesman Kianush Jahanpur told state television.

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