IMF suspends Afghanistan’s access to funds

The International Monetary Fund said on Wednesday that Afghanistan will not be able to access IMF resources, including a new allocation of Special Drawing Rights reserves, due to a lack of clarity over the recognition of its government after the Taliban seized control of Kabul.

“As is always the case, the International Monetary Fund is guided by the views of the international community,” an IMF spokesperson said in a statement. ”

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‘’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 resources.”

Meanwhile in 2020, International Monetary Fund (IMF), has named Nigeria’s former finance minister, Ngozi Okonjo-Iweala, a member of the External Advisory Group.

The Managing Director of IMF the Kristalina Georgieva inaugurated the group on Friday in Washington DC, United States.

Dr Okonjo-Iweala is among technocrats and policy experts is expected to serve as Ms Georgieva’s special advisers.

According to a statement from IMF, a new external advisory group will provide perspectives on key developments and policy issues including responses to the challenges the world now faces due to the novel coronavirus and its economic impact on member countries.