Home International “We would not Support Afghanistan financially for now – IMF

“We would not Support Afghanistan financially for now – IMF

by Nwani Chisom
0 comment

Oyogist has learned that the International Monetary Fund has announced it’s decision to withdraw financial support Taliban-controlled Afghanistan due to a lack of clarity over the country’s leadership.

The Taliban had seized control of Kabul on Sunday.

The decision was made ahead of a scheduled disbursement of about $460 million in emergency currency reserves to Afghanistan next week.

President Joe Biden’s administration, through the U.S. treasury, put pressure on IMF to ensure that the reserves, known as Special Drawing Rights, did not reach the Taliban.

“There is currently a lack of clarity within the international community regarding recognition of a government in Afghanistan, as a consequence of which the country cannot access SDRs or other IMF resources,” an IMF spokesperson said in a statement to Oyogist.

“As is always the case, the IMF is guided by the views of the international community.”
the statement read.

You may also like

Leave a Comment