More funds needed to implement Iran nuclear deal

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International Atomic Energy Agency (IAEA) Director-General Yukiya Amano (centre) addresses a special meeting of the Agency's Board of Governors on Iran held at its headquarters in Vienna, Austria. Photo: IAEA/Dean Calma

Extra funds to implement the international agreement on Iran's nuclear programme have been called for by the UN nuclear watchdog, the IAEA.

IAEA says more than US$10 million a year will be needed from Member States and funds are already running out.

In mid-July, Iran and six world powers reached an agreement in which Iran agreed to curtail its nuclear programme in exchange for a repeal of crippling sanctions.

Maria Carlino reports.

IAEA Director General Yukiya Amano said the agency has the expertise and the readiness to undertake the additional work resulting from the historic agreement with Iran.

But Mr Amano said Member States will have to contribute more money to pay for it since the funds will not come from the agency's existing budget.

"The Agency has immediate funding needs related to the continuing costs of implementing monitoring and verification under the existing Joint Plan of Action. These total 800,000 Euros per month. The extra-budgetary contributions which we have previously received for this purpose will be exhausted by the end of September."

Mr Amano said the agency will need a further US$185,000 per month to prepare for implementation of the 14 July deal, which is expected early next year.

The historic agreement sets out a road map which enables the IAEA to assess possible military dimensions to Iran’s nuclear programme by the end of this year.

Maria Carlino, United Nations.

Duration: 1’08″

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