Business Standard

No change in IMF policy on loans to Iran: Lagarde

Image

Press Trust of India Washington
IMF Managing Director Christine Lagarde today said that there is no change in its policy with regard to funds to Iran based on cues from the US.

"We see no reason to change anything in the guidelines that we have received from the (IMF) Board and continue to operate in the same manner," Lagarde said at a news conference here.

She was responding to a question on the new policy of US President Donald Trump who has strongly urged the IMF and World Bank not to provide loans or funds to Iran.

"We operate with 189 members and we only provide support and enter into programme negotiations when a country asks for it," Lagarde said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 15 2017 | 1:22 AM IST

Explore News