IMF blocks Afghanistan's access to SDR reserves over lack of clarity on government


  • World
  • Thursday, 19 Aug 2021

FILE PHOTO: International Monetary Fund logo is seen outside its headquarters during the IMF/World Bank spring meetings in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas

WASHINGTON (Reuters) -The International Monetary Fund said on Wednesday it suspended Afghanistan's access to IMF resources, including around $440 million in new monetary reserves, due to a lack of clarity over the country's government after the Taliban seized control of Kabul.

The IMF's announcement came amid pressure from the U.S. Treasury, which holds a controlling share in the Fund, to ensure that Afghanistan's share of a Special Drawing Rights reserves allocation scheduled for Monday not fall into Taliban hands.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Bangladesh leader considered top PM candidate returns from exile ahead of polls
Saudi Arabia says Yemen group should withdraw its forces from seized provinces
Four bodies found believed to be from one Liechtenstein family
Heavy rains drench Southern California, spawn flash flooding, mud flows
US urges parties to accept Honduras vote outcome after Trump-backed Asfura wins
Pope Leo, on Christmas Eve, says denying help to poor is rejecting God
ICE agents involved in Maryland shooting that injures two people
North Korea's Kim Jong Un views submarine construction, oversees missile launch, KCNA says
Slovenia's economic sentiment hits over three-year high in December
U.S. stocks close higher

Others Also Read