IMF Rejects Call to Cut Ties with Iran

The IMF said its account with Bank Markazi is simply related to Iran’s membership in the IMF and does not contravene sanctions placed on Tehran to pressure it not to develop nuclear weapons. The advocacy group United Against Nuclear Iran, a group of US ex-diplomats and government officials, said that the IMF needed to shut down its account with Bank Markazi, a specific target of the sanctions, or suspend Iran’s membership in the fund. It also criticized the IMF managing director, Christine Lagarde, for meeting with Bank Markazi’s chief during the IMF’s spring meeting last month in Washington, and for allegedly “lavishing praise on Iran and Bank Markazi.” – AFP

05/02/2012 5:55 AM by JPUpdates Staff
Tags: Sanctions

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