Monday, November 29, 2021

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Afghanistan’s access to IMF emergency reserves blocked

Afghanistan’s access to IMF emergency reserves blocked

Kabul, Aug 19 (Prensa Latina) The International Monetary Fund (IMF) has blocked Afghanistan's access to the emergency reserves, amid pressure from the United States, which has a majority participation in that financial organization.
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The suspension of resources includes some 440 million dollars in new monetary reserves, due to lack of clarity on the country’s Government after the Talibans took control of Kabul, TOLO News informed.

The IMF announcement came so that Afghanistan’s share of an allocation of Special Drawing Rights reserves scheduled for Monday would not fall into the hands of the Talibans, the source added.

There is currently a lack of clarity within the international community regarding the recognition of a Government in Afghanistan, as a result of which the country cannot access the funds, an IMF spokesman said.

Meanwhile, Afghan political leaders continue their contacts to decide the future Government of the war-torn Central Asian nation.

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