Asianet News English

Coronavirus-hit Iran seeks out loan from IMF for first time in 58 years

Iran has said it has asked the International Monetary Fund (IMF) for $5billion emergency funding to combat the deadly coronavirus. This is the first time since 1962 that Iran has sought a loan from the IMF

Coronavirus-hit Iran seeks out loan from IMF for first time in 58 years
Author
New Delhi, First Published Mar 12, 2020, 6:41 PM IST
  • Facebook
  • Twitter
  • Whatsapp

New Delhi: 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 said in a tweet on Thursday.

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

Iran's Central Bank chief Abdolnaser Hemmati wrote on his Instagram page that "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".

Iran is among the worst-affected countries in the world.

The death toll in Iran from the new coronavirus climbed for another consecutive day, killing 62 more people in the last 24 hours as the government on Wednesday announced that the nationwide death toll has risen to 354.

Iran's health ministry said the deaths are among some 9,000 confirmed cases in Iran, where the virus has spread to all of the country's 31 provinces.

In the latest update, Iran's senior vice president and two other Cabinet members have the new coronavirus, a news agency reported.

The news report on Wednesday came amid days of speculation about the health of Vice President Eshaq Jahangiri, who has not been seen in images of recent top-level meetings.

The sick officials are Ali Asghar Mounesan, minister of cultural heritage, handicrafts and tourism, and Reza Rahmani, minister of industry, mines and business. 

Follow Us:
Download App:
  • android
  • ios