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The article informs about the consequences of U.S. Financial Warfare in the Middle East. Topics include lifting COVID-19 pandemic spiked in Iran in March 2020, calls for lifting financial restrictions to allow the import of much needed medical supplies fell on deaf ears in President Donald Trump's administration; and dozen U.S. government agencies, led by the Treasury Department's office of Foreign Asset Control (OFAC), enforce a wide spectrum of sanctions.

(Bloomberg) -- Corporacion Andina de Fomento, a Latin American development bank that will lend over $14 billion this year, is seeking to add new members from Europe, the Middle East and Asian countries to finance new projects in the region. The bank was then repaid by the IMF in Special Drawing Rights, the organization's international reserve asset known as SDRs, which CAF is now allowed to hold. The bank isn't seeking to add the US to its ranks nor is the American government is willing to join CAF, he said. [Extracted from the article]

Read More: CAF Plans Infrastructure Funds in Six Latin American Countries "We are in this process of seeking partners that contribute to the bank without the bank losing its essence", Diaz-Granados told reporters in Mexico City on Friday. (Bloomberg) -- Corporacion Andina de Fomento, a Latin American development bank that will lend over $14 billion this year, is seeking to add new members from Europe, the Middle East and Asian countries to finance new projects in the region. The bank was then repaid by the IMF in Special Drawing Rights, the organization's international reserve asset known as SDRs, which CAF is now allowed to hold. [Extracted from the article]

RHEPJXDWRGG0 (Bloomberg) -- Pakistan secured a $1.1 billion loan from the International Monetary Fund to avert an imminent default as political turmoil and deadly flooding threaten the South Asian nation's economy. Keywords: %PKR; 13347Z; ALLTOP; ASIA; BON; BUSINESS; FRX; GLOBALMACR; GOV; MARKETS; MIDEAST; WORLD; WWTOP; WWTOPEU EN %PKR 13347Z ALLTOP ASIA BON BUSINESS FRX GLOBALMACR GOV MARKETS MIDEAST WORLD WWTOP WWTOPEU Pakistan secured a $1.1 billion loan from the International Monetary Fund to avert an imminent default as political turmoil and deadly flooding threaten the South Asian nation's economy. [Extracted from the article]

(Bloomberg) -- Financing needs in the Middle East and North Africa are expected to reach $919 billion for this year and next as the region seeks to recover from the coronavirus pandemic, according to the International Monetary Fund. Higher prices have "improved the outlook this year, especially in terms of external accounts and also in terms of the fiscal side for oil-exporting countries", Azour said. [Extracted from the article]