IAEA requires Increased Funding to validate Major Iran Nuclear Deal

The atomic watchdog arm of the United Nations, IAEA recently confirmed that the subsidiary agency requires increased funding to verify a major nuclear deal between 6 world powers and Iran. Yukiya Amano, the chief of IAEA was speaking to reporters at Vienna on the matter. The chief also confirmed that the agency would require some time to make the necessary arrangements in evaluating the credibility of the Iranian nuclear program with set international standards.

Yukiya Amano informed the reporters that Iran took a major step of collaboration and international compliance by inviting the UN agency to visit the heavy water nuclear production plant in Arak on December 8. The invite follows a new cooperation agreement with the authorities of the Islamic regime regarding their ambitious (and controversial) nuclear program.

The agreements of the regime with the International Atomic Energy Agency point to the fact that the country is relenting to international pressure in redressing the ultimate purpose of the nuclear energy program. These changes in the regime are also concurrent with the election of a new ‘moderate’ president Hassan Rouhani in June. The middle east country is apparently keen on mending its troubled relations with many global superpowers.

According to the guidelines specified in the agreement with IAEA, the agency has the authority to deploy staff and expertise in verifying whether Iran is complying rigorously with all standard parameters. The chief of IAEA confirmed that the agency had the authority to curb the nuclear program if it deems necessary following non-compliance.

However, the international nuclear watchdog agency also expressed its helplessness due to the lack of funds. The deployment of technology and professionals at the Iranian nuclear program would require significant financial resources. At present, the agency confesses to not having the requisite budget to suffice the implementation of the program.

The facility at Arak generated heavy water for usage in an adjacent nuclear reactor. However, the reactor itself is also under construction. Iranian authorities stated that the facility could become functional by next year. The Western powers, many of them with a huge arsenal of nuclear weapons, expressed their concerns that Iran may use the reactor to develop plutonium, which could act as a fuel for atom bombs. However, Iran has been always denying these anticipatory allegations, stating that it intends to develop medical isotopes solely at the facility.

To implement the commitment, the global powers drew a deal with Iran, which directed the country to halt the reactor construction immediately and cease from developing the atom bomb fuel. These were the guidelines of the breakthrough agreement enacted after the combined approach of UK, USA, France, Germany, Russia, and China to negotiate with the Iranian authorities.

The IAEA now has the responsibility to monitor the nuclear energy production facilities and ensure that the country is following the statutes of the pact. However, this is an elaborate task requiring sufficient resources. The chief of the agency addressed its board of 35 nations on the urgency and present status of the matter.