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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
IMF Not To Allow Funds To Taliban Government Immediately
outlookindia.com
2021-08-19T18:15:56+05:30

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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