02 November 2018, News Wires — The International Monetary Fund said on Thursday that Iran should implement policies to safeguard its macroeconomic stability in the face of reimposed U.S. sanctions that will cut Iranian economic growth by reducing oil exports.
“The reimposition of U.S. sanctions will reduce economic growth by restricting Iran’s oil exports and Iran should implement policies to safeguard macrostability,” Rice said, particularly “the most vulnerable groups.”
Rice said the IMF was sending a mission to Islamabad on Nov. 7 to launch financing talks with Pakistan, which formally requested an IMF bailout program during the fund’s annual meetings in Indonesia in October.
The talks are aimed at reaching a staff-level agreement, which would be submitted to the IMF’s executive board for consideration, Rice said. He did not offer a timetable for reaching such a staff-level agreement with Pakistan.
- News Wires