IMF suspends Afghanistan's access to resources

IMF suspends Afghanistan's access to resources
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The International Monetary Fund (IMF) on Wednesday announced it was suspending Afghanistan's access to its resources due to what it called a "lack of clarity" surrounding the recognition of the country's government after the Taliban took control of the capital city of Kabul.

"As is always the case, the IMF is guided by the views of the international community," a spokesperson for the IMF said in a statement, according to Reuters.

"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."


This move by the IMF comes after the Biden administration reportedly froze Afghan government reserves held in U.S. banks, blocking the Taliban from accessing billions in funds.

"Any Central Bank assets the Afghan government have in the United States will not be made available to the Taliban,” one administration official told The Washington Post.

It is currently unclear whether the Taliban will be recognized by the international community, though China has indicated that it is open to establishing formal relations, being one of the few countries that did not evacuate its embassy when the Afghan government fell.

Shortly after the Taliban entered Kabul on Sunday, Secretary of State Antony BlinkenAntony BlinkenIsraeli official says plans to reopen US mission for Palestinians maybe shelved Overnight Defense & National Security — Presented by Raytheon Technologies — Biden backtracks on Taiwan Nearly 200 Americans want to leave Afghanistan, State Department tells Congress MORE was asked by CNN's Jake TapperJacob (Jake) Paul TapperDems look to keep tax on billionaires in spending bill IMF economist expecting inflation pressure through mid-2022 Arkansas governor says mandates are increasing vaccine hesitancy MORE if the U.S. would ever recognize the Taliban as a legitimate government.

"A future Afghan government that upholds the basic rights of its people and that doesn't harbor terrorists is a government we can work with and recognize," Blinken said. 

"Conversely, a government that doesn't do that, that doesn't uphold the basic rights of its people, including women and girls, that harbors terrorist groups that have designs on the United States, our allies and partners, certainly, that's not going to happen," he added.