IAEA asks for extra money to monitor Iran'nuclear plan

The UN nuclear watchdog on Tuesday called for contributions to help with inspection of Iran's nuclear program after last month's agreement between Iran and six world powers.

International Atomic Energy Agency (IAEA) chief Yukiya Amano called on member states to provide the agency with the money it needed, saying the extra budgetary contributions, 800,000 euros (924,000 U.S. dollars) per month, will be exhausted by the end of September.

Amano said the annual costs for verification and monitoring nuclear activities in Iran is 9.2 million euros (10.63 million dollars).

The agency will also need money in the run-up to the implementation of the July 14 deal, which is expected early next year.

"I call on all member states in a position to do so to contribute towards the financial needs of the agency related to implementation of the Joint Plan of Action, as well as preparatory and implementation work under the JCPOA (Joint Comprehensive Plan of Action)," he told the agency's Board of Governors' meeting.

Under the deal with Britain, China, France, Germany, Russia and the United States, Iran agreed to improve the transparency of its nuclear plan and resolve all the past suspected nuclear activities in exchange for the lifting of sanctions. Endi