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IMF Cuts Funding to Afghanistan, Squeezing Taliban
Posted
August 19, 2021
Views
843
Likes
18
Comments
11
Engagement
3.44%
August 19, 2021
843
18
11
3.44%
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0:41Now PlayingThe International Monetary Fund said that the new government in Afghanistan is cut off from using fund reserve assets days before the nation was set to receive almost $500 million, depriving the Taliban of key resources.
The country has been in line to automatically receive new reserves, known as special drawing rights or SDRs, on Monday as part of a recently approved IMF plan to inject $650 billion of liquidity into the troubled global economy. While Afghanistan will still receive the assets, it won’t be able to use them because the new regime lacks international recognition, the IMF said.
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