The International Monetary Fund said on Wednesday that it will block Afghanistan from accessing emergency reserves in the aftermath of the Taliban’s swift takeover of the country.

The decision came as the fund was scheduled to disburse about $460 million in emergency currency reserves to Afghanistan next week and followed pressure from the Biden administration 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 S.D.R.s or other I.M.F. resources,” Gerry Rice, an I.M.F. spokesman, said in a statement, adding that its decisions are guided by the views of the international community.

Earlier on Wednesday, the Biden administration was working to prevent the Taliban from getting the reserves, a Treasury Department official…

Read more…

Share.

Comments are closed.