Munk Dialogue with Janice Gross Stein: $300 Billion for Iran and and a huge leap of faith

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Wow, you have to be an optimist to think, um, we're g- we're gonna get past, um, the next several months and move forward on the nuclear agreement so that virtually everything we talked about in the last 15 minutes begins to get implemented.

Welcome to a quick Munk dialogue. Uh, just as the details of the memorandum of understanding between Iran and the United States have been formally announced in the media first today, and then, uh, f- by, uh, the administration to reporters. We're gonna break down some of the latest findings in the MOU with Janice Gross Stein, my co-host on the Friday Focus podcast. Janice, great to be in conversation with you.

Who would believe that we would finally get 14 points, Rudyard, all on a page, right?

Yeah, and it seems like what had been leaked in the media over the last, uh, 24, 48 hours resembles very closely now to what administration officials are coming out and, um, and relaying to the press. Let's m- move through some of these. I got some boards up. I'll show-

Great

... them to you. We can take a few of the key ones that come to mind. Here's one that's causing a lot of, uh, attention, and I'll read it to our podcast listeners. Those of you on YouTube can follow along. Uh, I quote from the memorandum, uh, "The United States undertakes, together with its regional partners, to create a comprehensive plan, agreed upon by both parties, for the rehabilitation and economic development of the Islamic Republic, ensuring financing of at least $300 billion." Janice, what do you make of it? Where is this money gonna come from? Uh, it's one of the 14 points, so it's clearly important to, uh-

Sure is

... Iran and its government.

Sure is. Rudyard, you're not gonna be surprised there's less here than meets the eye from two perspectives. One, the money is not coming from the United States. It's gonna come from countries in the Gulf, allegedly. That is the plan. Uh, secondly, and there's been a huge amount of leaks and counter-leaks about all of this, but that rehabilitation fund, unlike the release of Iranian frozen assets, which is different, this really we could call an investment fund, uh, in Iran, kicks in over time as Ir- as Iran makes commitments on its nuclear program and observes this. So to put this in a 60-day plan, this is a, this is, um, a commitment in principle, as some of