Iran Needs to Accelerate Reforms If Trump Quits Deal, IMF Says - Bloomberg

Iran Needs to Accelerate Reforms If Trump Quits Deal, IMF Says - Bloomberg:

"Iran’s government will need to accelerate economic reforms, including plans to overhaul its banking system, should President Donald Trump decide to quit the 2015 nuclear accord with the Islamic Republic, according to a senior International Monetary Fund official.

“The possibility that the U.S. walks out of the nuclear deal would increase uncertainty and uncertainty would require some measures to stabilize the market,” Jihad Azour, head of the IMF’s Middle East and Central Asia department, said in an interview in Dubai on Monday.

Trump will decide whether to leave the deal, which curbed Iran’s nuclear program in return for sanctions relief, by May 12. Speculation that he will pull out has added pressure on the Iranian economy, sending the rial down to a record low."



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