Monday, May 23, 2022
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IMF Not To Allow Funds To Taliban Government Immediately

In a statement, the International Monetary Fund has announced that the Taliban government will not be immediately allowed funds and loans

IMF Not To Allow Funds To Taliban Government Immediately
Representational Image File Photo

The International Monetary Fund (IMF) has issued a statement saying that the new Taliban government in Afghanistan will not immediately be allowed loans and other resources from the 190-nation lending organisation.

In a statement Wednesday, the IMF said it would be 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,” the IMF statement said.

SDRs are special drawing rights which serve as a reserve that IMF member countries can tap into to meet payment obligations. 

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