The International Monetary Fund (IMF) on Wednesday said that it had suspended Afghanistan's access to resources, including around US$440 million (A$610 million) in new monetary reserves, over lack of clarity of the country's government after the Taliban gained control of the capital Kabul. The decision comes off amid mounting pressure by the international community, including the US Treasury Department. "As is always the case, the IMF is guided by the views of the international community. 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," a spokesperson for the IMF said in a statement. A Treasury Department official said, the Biden administration was working to prevent the Taliban from getting the reserves. The Fund traditionally relies on its members to decide whether to engage with governments that take power in coups or disputed elections. Funded by its 190 member nations and the United States being the largest shareholder, carries significant weight in the say on Afghan crisis. 

from asianetnews

Post a Comment

Previous Post Next Post