Iran Asks IMF For $5BN Emergency Loan As Death Toll Soars Near 500



Citing vast shortages of medical supplies and pharmaceuticals due to US-led sanctions, Iran is urging IMF relief as it battles coronavirus to the tune of $5 billion

Days ago Iranian Foreign Minister Javad Zarif accused President Trump on Twitter of “maliciously tightening US’ illegal sanctions with aim of draining Iran’s resources needed in the fight against Covid-19 — while our citizens are dying from it.- Now he’s urging immediate emergency aid:

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 Reuters reports Thursday, Iran’s Central Bank chief Abdolnaser Hemmati revealed in a social media post 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”.

And Zarif in a follow-up message noted that 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.”