Iran's Supreme Leader Ayatollah Ali Khamenei has approved drawing up to $2 ...
DUBAI - Iran’s Supreme Leader Ayatollah Ali Khamenei has approved drawing up to $2 billion from the country’s sovereign wealth fund for relief and reconstruction after devastating floods, state media reported on Monday.
“Using the National Development Fund is authorized if no other sources are available,” Ayatollah Ali Khamenei said in a letter to President Hassan Rouhani read out on Monday on state television. It had launched an international emergency appeal seeking 5.1 million Swiss francs to expand support by Iran’s Red Crescent to an additional 30,000 families - equivalent to about 150,000 people.
The floods have affected 4,400 villages, damaged 14,000 kilometers of roads and destroyed more than 700 bridges. They have left aid agencies struggling to cope and the armed forces have been deployed to help those affected.
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