World resolved to continue investing in Iran despite Trump

World resolved to continue investing in Iran despite Trump

Tehran, Iran, October 15

By Mehdi Sepahvand - Trend:

International Monetary Fund Managing Director Christine Lagarde said Saturday 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 in Washington.
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 program negotiations when a country asks for it," Lagarde said.

On Friday, Trump declared his view of the JCPOA, declaring that he would not certify Iran’s compliance with the deal. The move paves the way for Congress to put new restrictions on Iran.

The fact that Trump decertified Iran’s compliance with the nuclear agreement, aka Joint Comprehensive Plan of Action (JCPOA), is not likely to leave a major impact on foreign investment in Iran, a finance market expert has told Trend.

The US won’t be posing nuclear-related sanctions on Iran, because doing so would render Washington in violation of the deal, Alireza Mohammadi noted.

"What was obvious in Trump’s Friday speech was that the US does not have anything to say about the nuclear deal, especially since the UN watchdog has approved Iran’s compliance with JCPOA. However, if any new sanctions are posed, they will most likely not address Iran’s economic sector."

Most of Trump’s Friday speech focused on denouncing Iran’s political influence in its neighborhood. Accusing Iran of sponsoring terrorism and violating the nuclear deal, Trump threatened in particular that Washington will adopt "tough sanctions" on the Islamic Revolution Guards Corps (IRGC).

In the meantime, the US Treasury announced it had put under sanctions a number of companies affiliated with the IRGC.

Since the implementation of JCPOA in 2015, Iran has managed to attract $14 billion worth of foreign investment, Mohammad Khazaei, the head of the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) announced on Saturday.

According to a report published by OIETAI in early April, after the implementation of the nuclear accord with world powers, Iran has set its sights on implementing $50 billion worth of foreign finance.
Khazaei noted that $12 billion of the attracted finance have been in the form of foreign direct investment while the rest has been allocated in other forms.

"According to the Sixth Five-Year Development Plan (2017-22), the Ministry of Economic Affairs and Finance and the Central Bank of Iran are obligated to attract at least $3 billion in foreign investments each year," he added.

World leaders and dignitaries did not hesitate to denounce Trump’s new move on Iran. A few hours after the US president’s speech, Hillary Clinton has said Trump’s initiative is "very dangerous".

"First of all, it basically says America’s word is not good. That even in the absence of evidence that Iran is not complying with the Iran nuclear deal, this president is going to abandon it," she said.

"Secondly, it once again gives Iran an advantage. If Iran is complying, which all the evidence is, then all of a sudden, instead of working to isolate Iran, on every issue, we are giving Iran the spotlight, the aggrieved party spotlight. That makes us look foolish and small and plays right into Iranian hands."

Also in a statement issued on Friday, Russia’s Foreign Ministry said Trump’s speech "once again underlines the inadmissibility of using aggressive and threatening rhetoric in international relations" and that such language was "doomed to fail."

Former British foreign secretary Jack Straw reacted to the speech by saying: "An appalling decision by a US President willfully ignorant of the reality of Iran, and of the fact that Iran has complied with the JCPOA."

In the meantime, the Director General of the IAEA, Yukiya Amano, confirmed once again that the Islamic Republic of Iran is honoring all it nuclear-related commitments under the nuclear deal.
United Nations Secretary General António Guterres also in a statement called for keeping Iran nuclear deal.

DOJ lawsuit unlikely to knock Google from pole position
DOJ lawsuit unlikely to knock Google from pole position
Kazakhstan’s KazMunayGas to create system for managing field development process
Kazakhstan’s KazMunayGas to create system for managing field development process
Azerbaijan reveals production, retail sales volumes of ICT products for 9M2020
Azerbaijan reveals production, retail sales volumes of ICT products for 9M2020
Loading Bars
Latest
Iraqi security forces find 50 bodies in mass grave in Kirkuk
5.6 tons of cannabis seized in Morocco
Ex-Burundi president gets prison term for 1993 killing of victorious election opponent
DOJ lawsuit unlikely to knock Google from pole position
Footage of destruction of Armenian Armed Forces' military equipment, manpower published (VİDEO)
News spread by Armenian Defense Ministry that military operations being conducted in Khudaferin direction nonsense - Azerbaijani MoD
I want my dear people to know that the capture of every village and every height requires great courage - President Aliyev
We are saying whatever is possible today, says Azerbaijani president
Online election registry available for Georgian citizens residing abroad
We will continue to expel these liars, says Azerbaijani president
Armenia must declare before it is too late that it is withdrawing from occupied territories - President Aliyev
We are fighting alone and everyone knows that - President Aliyev
President Aliyev on destroyed and taken as military boot military equipment of Armenian armed forces
Armenian leadership already on their knees, we have shown them place they deserve - Azerbaijani president
Azerbaijan conducts military operations on its territory recognized by international community, says President Aliyev
Our fist is there not only to smash the enemy’s head. Our fist is a fist of unity - President Aliyev
AstraZeneca U.S. COVID-19 vaccine trial may resume as soon as this week
We are on the threshold of the Great Return - President Aliyev
Victorious Azerbaijani Army gaining new victories on battlefield, says Azerbaijani president
Professional journalist, Azerbaijan`s and AZERTAC`s friend He Ping appointed as President of Xinhua News Agency
They simply deceived us and international mediators - President Aliyev
Turkey reports 1,894 new COVID-19 cases, 351,413 in total
Int’l conference on 175th anniversary of Abai held in Kazakhstan
FLEX Alumni sends letter to attention of US Ambassador in Azerbaijan
Azerbaijan Air Defense Units destroy another UAV of Armenian armed forces
Senior diplomat: Iran has nothing to hide about Ukrainian plane incident
Armenian armed forces units in Gubadli direction destroyed (VİDEO)
Azerbaijan's MoD warns about sharing unnofficial information on social media
Azerbaijani ombudsman prepares report on Armenia’s shelling of Ganja with ballistic missiles
Three new cable cars built in Georgian Bakuriani
Azerbaijan destroys Armenian UAV flying in direction of Ganja
Azerbaijani Prosecutor General's Office files criminal cases on crimes committed by Armenian troops
Azerbaijan's MoD dismisses Armenia's information on Khudaferin
Permits for residential construction remain solid overall in Georgia - TBC Research
Iranian Energy Exchange announces products to be on sale October 21
Azerbaijan's Goranboy, Tartar subjected to artillery, missile fire from Armenia
Most of IUCN Red List flora, fauna species on Azerbaijan's occupied lands destroyed
Azerbaijani ministry predicts growth of electricity production by 2025
Azerbaijan reveals data on foreign trade turnover for 9M2020
Uzbekistan's official reserve assets decrease
Georgians arriving home with negative PCR tests not to be placed under mandatory quarantine
Georgia returns to third place in international hazelnut market
Preventive diplomacy is an integral part of Turkmenistan's neutrality - President of Turkmenistan
Islamophobia, Turkophobia – Armenia’s main disease, says Turkish presidential administration
Kazakhstan’s pharma company to build nonwoven fabric plant
Number of restored mines in Iran revealed
Kazakhstan's medical goods producing capacities to be increased before year-end
Turkmenistan significantly increases exports of cement products to Kazakhstan
Italy slows down on import of Turkish furniture
Turkmenistan's Turkmennebit opens tender for purchase of equipment
Azerbaijan confirms 128 more COVID-19 recoveries
Whole world should see Armenia targeting Azerbaijan's civilians - Speaker of Grand National Assembly of Turkey
Uzbekistan to attract carbon credits to create forest plantations
Kazakhstan's imports of furniture, wood from Turkey up within 9M2020
Baku Stock Exchange places Azerbaijan's Finance Ministry state bonds at auction
Iran's Central Bank increases working hours for legal exchange offices as foreign currency rate drops
Mehriban Aliyeva congratulated Azerbaijani people on liberation of several villages of Fuzuli, Jabrayil, Khojavand, Zangilan districts and the city of Zangilan
Israeli markets' demand for Turkish furniture rises
Review of Georgian exports to China
Iran`s President reacts to restriction of essential goods and medicine`s supply
Coronavirus spread reaches alarming state in some Iranian provinces
Kazakhstan's gov't decides on power plants' modernization methods in Almaty
Iranian Covid-19 vaccine to enter the human testing phase by early December
The dilemma of pricing of steel products in Iran stock exchange
Azerbaijani state service to put up state properties for auction
Bahar Azadi gold coin price still falling in Iran
Azerbaijan increases value of electricity production
Georgian Chestnuts Export plans to open production of chestnut flour
Iran car makers to offer 153,000 cars by the end of current Iranian year
Gasoline and methanol account for main part of Iran’s total export
2 civilians killed during shelling of Azerbaijan’s Tartar by Armenian armed forces
Azerbaijani FM meets with speaker of Turkish Grand National Assembly (PHOTO)
Iran to reinstated several mines
Iran's import of Turkish furniture down significantly
Iran to provide free electricity to low consumption users in Tehran
Kazakhstan, Norway trade turnover increases despite COVID-19
EPR approves creation of Human Security Trust Fund for Aral Sea region in Uzbekistan
Azerbaijan’s territorial integrity to be fully restored soon: Leader of Russian party
Azerbaijani banks foreign currency demand disclosed
Oil bitumen imports decline in Georgia
Russian research institute names necessary measures to mitigate pandemic impact on Turkmenistan
Kazakhstan’s KazMunayGas to create system for managing field development process
Iran, Syria are expected to barter trade
Azerbaijani president renames liberated village of Khojavand district
Azerbaijani Express Bank's assets decrease
Armenian Defense Ministry once again admits retreat
Azerbaijani flag in Zangilan city (VIDEO)
Turkish wood, furniture exports to Georgia down - Trade Ministry
Turkey's export of wood, furniture to Iraq declines
Azerbaijani minister talks benefits of hydrowater plants on border with Iran
Armenia's current leadership unable to solve real problems well - Russian political strategist
Azerbaijani president: Zangilan city and 6 villages of district, 18 villages of Fuzuli, Jabrayil and Khojavand districts liberated
Locally-made furniture exports to France increase, says Turkish Trade Ministry
Over 170 mb of ACG oil loaded from Ceyhan terminal
Regular direct flights by several airlines resume in Georgia
Imports of Turkish furniture by Morocco drops marginally
Iran reveals its COVID-19 data for October 20
Speaker of Turkish Grand National Assembly visits Azerbaijan’s Ganja (PHOTO/VIDEO)
Georgia to export fresh pinecones to EU market
Azerbaijan increases export of petrochemicals
All news