Iran asks IMF for first loan in decades to combat coronavirus

had"stated that countries affected by #COVID19 will be supported via Rapid Financial Instrument ."

Iran has not received assistance from the IMF since a"standby credit" issued between 1960 and 1962, according to the fund's data. The various loans that can be granted by the IMF must be approved by the institution's executive board, where theThe US is currently pursuing a policy of"maximum pressure" aimed at crippling the finances of Iran's government.

"Given the widespread prevalence of coronavirus in our country and the need to continue to take strong measures to prevent and cure [the disease], and to address its economic impact," Iran was asking for"about $5 billion" in assistance, Hemmati wrote on his Instagram account.

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