Today: 12 March 2025
21 September 2021
2 mins read

IMF funds for Afghanistan on hold over political uncertainty

IMF spokesman Gerry Rice said on Thursday at a press conference that Afghanistan will not have access to this grant because of the uncertainty over Afghanistan’s government….reports Asian Lite News

The International Monetary Fund (IMF) has put on hold funds to Afghanistan amid the rising uncertainty in the country.

These developments came after IMF recently announced a USD 650 billion Special Drawing Rights (SDR) allocation for member countries, but Afghanistan at the moment will not be allowed to access these funds, Tolo News reported.

IMF spokesman Gerry Rice said on Thursday at a press conference that Afghanistan will not have access to this grant because of the uncertainty over Afghanistan’s government.

“Our engagement with Afghanistan has been suspended until there is clarity within the international community on the recognition of the government. We’re guided by the international community in terms of the recognition of the government in Afghanistan, and we don’t have that,” he added.

So, the IMF program 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. But again, I want to say that we stand ready to work with the international community to advocate urgent actions to stall a looming humanitarian crisis, Rice said.

Rice also said that IMF is deeply concerned about the difficult economic and humanitarian situation in Afghanistan.

Soon after the Taliban’s take over of Kabul on August 15, foreign assistance was immediately frozen. Besides this, the US stopped USD 9.4 billion in reserves to the country’s central bank, The New York Post reported.

Moreover, the International Monetary Fund and World Bank have also stopped loans, and the Financial Action Task Force warned its 39 member nations to block Taliban assets.

Many Afghans are trying to get money not just for survival but in order to escape the Taliban controlled country. They fear that history may repeat itself.

635,000 displaced

UN humanitarians said that 635,000 people in Afghanistan were routed from their homes this year because of violence, with more than 12,000 recently displaced to Kabul, mainly from Panjshir Province.

The world organization and its partners have reached 8 million people in the first half of 2021, the UN Office for the Coordination of Humanitarian Affairs (OCHA) said in a release.

Some 1,300 displaced people in Kabul are about to receive aid.

The office said the UN Refugee Agency and the International Organization for Migration handed out relief to more than 9,300 people displaced by the violence in Kunar Province.

The World Food Programme will distribute food rations for the lean months of October to January of next year, OCHA said, reaching hundreds of thousands of vulnerable people. Some 63,000 people in Maidan Wardak province are to receive food aid.

Healthcare is also a priority in the humanitarian response.

A measles outbreak in the Yawan and Raghistan districts of Badakhshan province impacted at least 29 children, the office said.

The World Health Organisation aided Nimroz provincial hospital to install a new Polymerase chain reaction machine with a capacity of 70 to 90 tests per day, OCHA said. It allows for significantly increased coronavirus testing. (ANI)

ALSO READ: Afghan women stage protest in Kabul against Taliban policies
Previous Story

Taliban govt demands recognition to address human rights concerns

Next Story

Taliban deny torture allegations

Latest from -Top News

MBS Hosts Zelensky in Jeddah

Zelensky arrived in the Saudi coastal city earlier on Monday, ahead of US-Ukraine talks….reports Asian Lite News Saudi Crown Prince Mohammed bin Salman hosted Ukrainian President Volodymyr Zelensky in Jeddah on Monday

South Africa to host Zelenskyy in April

South Africa has adopted a neutral position in the war and has attempted to act as a mediator between the sides, although with limited success Ukrainian President Volodymyr Zelenskyy will visit South

Hezbollah Draws the Line

Hezbollah top official emphasised Hezbollah’s continued role in political and military affairs, asserting that “resistance” will persist as long as Israeli threats remain Hezbollah Secretary General Naim Qassem reiterated the group’s unwavering

Syrian Violence Claims More Lives

The death toll crosses 1000 as troops loyal to the old regime clash with the new government forces The Arab League (AL) has been following with great concern the security situation in
Go toTop

Don't Miss

Reprisal killing claims another Afghan woman activist

The body of the victim — Frozan Safi — was

‘Ghost soldiers failed Afghan army’

Former Afghan Finance Minister Khalid Payenda, who resigned and left