Iran: IMF Pressured to Suspend Accounts

Written by Super User 08 May 2012

A New York-based advocacy group that has pressured companies and organizations to halt business with Iran because of its disputed nuclear program is urging the International Monetary Fund to close its account at Iran’s central bank and suspend Iran as a member. Mark Wallace, president of United Against Nuclear Iran, a group whose founders include current and former administration officials, has sent a letter to IMF managing director Christine Lagarde criticizing the IMF’s relationship with Iran. Iran’s central bank, also known as Bank Markazi, has been sanctioned by the U.S. and the European Union. Wallace’s group is attempting to isolate Iran and pressure it to give up its uranium enrichment activities and to cooperate more fully with the International Atomic Energy Agency. The IMF’s chief spokesman, William Murray, said the Fund isn’t violating any laws and is following its normal rules toward member nations. The U.S. Treasury and EU spokesmen declined to comment on the call for Iran to be suspended from the IMF.

Pray: for God to move the heart of the Iranian leadership – enabling them to engage with the rest of the world. (2 Ch.36:22)

More: http://www.businessweek.com/news/2012-04-30/imf-pressured-to-suspend-iran-close-central-bank-account#p1

 

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