The International Atomic Energy Agency says Iran is living up to its obligations under the Geneva agreement reached between Iran and the 5+1 last November, and the agency is requesting additional funding to cover the costs of monitoring the implementation of the agreement.

Reuters reports that Yukiya Amano, the head of the IAEA, addressed a meeting of the Board of Governors today, Monday March 3, saying: "The measures implemented by Iran, and the further commitments it has undertaken, represent a positive step forward, but much remains to be done to resolve all outstanding issues.”

According to the Geneva agreement, Iran has committed to limiting its uranium enrichment program and giving greater access to the IAEA for inspections. In exchange, Iran was to benefit from the easing of international sanctions and the release of some of its frozen assets.

Reuters reports that Iran’s frozen international assets in the West amount to about 100 billion dollars.