Afghanistan is set to get almost a large portion of a billion dollars from the International Monetary Fund (IMF) one week from now, yet it’s far-fetched the Taliban will actually want to contact any of it.
The biggest ever portion of IMF Special Drawing Rights (SDRs), identical to $650bn, is set to become real Monday, incorporating an expected $460m in SDRs for Afghanistan. Be that as it may, the IMF has squeezed stop on allowing the Taliban to trade the SDRs for hard money. All things being equal, Afghanistan joins nations like Myanmar and Venezuela who get IMF resources yet can’t use them.
“As is always the case, the IMF is guided by the views of the international community,” IMF spokesperson Gerry Rice said in a statement Wednesday. “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 the Special Drawing Rights (SDRs) or other IMF resources.”
Recently, 18 individuals from the United States Congress asked US Treasury Secretary Janet Yellen in a letter to ensure that “nearly half a billion dollars in unconditional liquidity” does not go “to a regime with a history of supporting terrorist actions against the United States and her allies”.
