IMF Visits Iran to Assess Reconnect to Global Economy

The IMF visited Tehran, advising Iran to focus on taxation and privatization to boost its economy. Although key sanctions were lifted, investment sentiment remains subdued due to banking hesitations. European banks are cautious about engaging with Iran due to past sanctions-related penalties, which hinders business resumption.

What historical events have led to banks' hesitation in engaging with Iran?

What challenges do banks face in resuming operations with Iran?