IAEA says needs $7.4 million to monitor extended Iran nuclear deal

IAEA says needs $7.4 million to monitor extended Iran nuclear deal
International Atomic Energy Agency (IAEA) Director General Yukiya Amano arrives for a board of governors meeting at the IAEA headquarters in Vienna November 20, 2014.

VIENNA - The UN atomic agency says it needs about 4.6 million euros (3.62 million pounds or S$7.4 million) more from member states to finance monitoring of an extended nuclear deal between Iran and six world powers, a document seen by Reuters said on Wednesday.

Iran and the United States, France, Germany, Britain, China, and Russia failed to meet a Nov. 24 deadline for resolving a 12-year dispute over Iran's nuclear programme and gave themselves until the end of June for further negotiations.

As a result, a preliminary agreement reached late last year, under which Iran halted its most sensitive nuclear activity in exchange for limited sanctions easing, will remain in force.

The International Atomic Energy Agency (IAEA) is tasked with checking that Iran meets its commitments under the accord.

In a confidential note to member states ahead of an extraordinary IAEA board meeting next week to discuss the issue, the UN agency said it estimated the cost of its extended monitoring work at about 5.5 million euros.

To raise this amount, it said, "an additional amount of 4.6 million euros of voluntary extra-budgetary contributions would be required".

 

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