GG News Bureau
Kabul, 17th Sep. The International Monetary Fund has suspended its engagement with Afghanistan until there is clarity in the international community on the recognition of the government led by the Taliban.
He said, “We’re guided by the international community in terms of the recognition of the government in Afghanistan and we don’t have that. So, the IMF programme there has been put on hold; and, again, as we said, last month, the country cannot access IMF resources, SDRs, and so on, at this point.”
Monetary Fund spokesman Gerry Rice said that for Afghanistan, the immediate focus should be on delivering humanitarian aid to the Afghan people currently facing severe economic hardship. The IMF stands ready to work with the international community in advocating for urgent actions to stall a looming humanitarian crisis.
Gerry said that the SDR allocation is an important boost to all IMF member countries struggling with an unprecedented crisis. We’d like to see as much as possible of the allocation going from the wealthier to the most vulnerable countries to support sustainable recovery from the pandemic.
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