City
Epaper

IMF blocks Afghanistan's access to emergency reserves

By ANI | Updated: August 19, 2021 04:50 IST

The International Monetary Fund (IMF) has announced to block Afghanistan's access to the emergency reserve worth USD 460 million as the Taliban's control over the country has drawn uncertainty for the country's future, a media report said.

Open in App

The International Monetary Fund (IMF) has announced to block Afghanistan's access to the emergency reserve worth USD 460 million as the Taliban's control over the country has drawn uncertainty for the country's future, a media report said.

The decision followed pressure from the Biden administration to ensure that the reserves did not reach the Taliban, New York Times reported.

On Tuesday, the Biden administration also froze about USD 9.5 billion of Afghan reserves to keep cash away from the Taliban after it captured Afghanistan.

US Treasury Secretary Janet Yellen and personnel at the Treasury's Office of Foreign Assets Control had decided to freeze the accounts, Dawn reported citing The Washington Post.

"Any central bank assets the Afghan government have in the United States will not be made available to the Taliban," an administration official told the newspaper in a statement.

According to the report, the US State Department, alongwith the White House, was consulted before the action adding that the Biden administration was contemplating other actions as well to pressure the Taliban, reported Dawn.

The terror group took control over Afghanistan on Sunday after entering the presidential palace in Kabul.

The Taliban leaders are discussing future government plans in Doha and are in touch with the international community and intra-Afghan parties to make government in Afghanistan.

The world is closely watching the unfolding situation in Afghanistan as the countries have scrambled to evacuate its citizen from Afghanistan in an attempt to secure their people.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: dohaKabulInternational Monetary FundTalibanImf researchTalibansJanet yellenNational and globalDohTaliban movement
Open in App

Related Stories

InternationalKhyber Pakhtunkhwa Attack: 33 killed 14 injured as militants ambush vehicles in Pakistan; Disturbing Visuals Emerges

CricketRashid Khan Marriage: Afghanistan Captain Ties the Knot In Kabul; Teammates Celebrate (Watch Video)

NationalIndigo Mumbai-Doha Flight Delay: Travelers Stuck Inside Plane for 5 Hours

InternationalAfghanistan: Deadly Mine Explosion, One Killed, Injures Eleven in Kabul

InternationalSri Lanka Sets Crucial Presidential Poll for September 21

International Realted Stories

InternationalAustralia: Man charged after pedestrian killed in Sydney crash

InternationalJittery Pakistan claims India to strike in 24 hours, Sharif pleads for UN intervention

InternationalPahalgam attack: Indian students at Harvard protest Pakistani delegates' visit, urge US to revoke their visas

InternationalPakistan Claims India May Launch Military Action Within 24 to 36 Hours, Issues Warning to New Delhi

InternationalNorth Korea conducts first test-firing of new warship's weapons systems