The International Monetary Fund (IMF) has stated that it has suspended Afghanistan’s access lender’s resources.
IMF spokesperson revealed this, stating that the action was taken due to “lack of clarity within the international community” on recognizing a government in Afghanistan.
The spokesperson further stated, “As is always the case, the IMF is guided by the views of the international community.”
The move by IMF follows the Taliban’s takeover of the country last weekend.
Access to the IMF’s reserves in Special Drawing Rights (SDR) assets have also been blocked.
SDRs are IMF’s unit of exchange based on sterling, dollars, euros, yen and yuan.
An official from the Biden administration had said that any central bank assets the Afghan government has in the US will not be made available to the Taliban.