International Atomic Energy Agency (IAEA) Director General Yukiya Amano attends the annual Munich Security Conference February 2, 2014. REUTERS/Lukas Barth
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Iran is reducing its most proliferation-prone nuclear stockpile as required by its landmark deal with world powers, but much work remains to be done to resolve all concerns about Tehran's activities, the U.N. atomic watchdog chief said Monday.Yukiya Amano, director general of the International Atomic Energy Agency, indicated that Iran had made sufficient progress in this regard to receive a scheduled March 1 installment of $450 million out of a total of $4.2 billion in previously blocked overseas funds.The IAEA has a pivotal role in checking that Iran is living up to its part of the six-month accord in curbing its disputed nuclear program in exchange for some easing of sanctions that have impaired its oil-dependent economy. The March 1 installment depended on Iran following a schedule for diluting part of its stockpile, which Amano's comment suggested it now had. But it was not immediately clear if the funds had already been transferred to Iran.
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