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Author Topic: IMF suspends access to Afghanistan funds  (Read 591 times)

Offline kafa88

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IMF suspends access to Afghanistan funds
« on: August 18, 2021, 08:00:39 PM »

The International Monetary Fund (IMF) says Afghanistan will no longer have access to lenders' resources.The move comes after the Taliban took over the country last weekend.An International Monetary Fund spokesman said it was because "Lack of clarity in the international community" in accepting the government in Afghanistan Over $370 million (£268 million) of resources from the IMF are scheduled to arrive on August 23.

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These funds are part of the IMF's global response to the economic crisis.Access to the IMF's reserves in the Special Drawing Rights (SDR), which can be converted to government-sponsored money, is also blocked. The SDR is the IMF's exchange-based unit of sterling silver, the dollar, the euro, the yen and the yuan.As always, the IMF has been guided from the perspective of the international community," the spokesman added.

It came after an official from Biden's administration told the BBC that any central bank assets that the Afghan government has in the United States will not be distributed to the Taliban.In a letter to US Treasury Secretary Janet Yellen Members of Congress called for assurances that the Taliban would not receive US aid.The potential of allocating SDRs to provide nearly half a billion dollars in unconditional liquidity