IMF suspends Afghanistan's access to funds

 

By 

BBC

An IMF spokesperson said it was due to "lack of clarity within the international community" over recognising a government in Afghanistan. 

Resources of over $370m (£268m) from the IMF had been set to arrive on 23 August.

 

These funds were part of a global IMF response to the economic crisis.

Access to the IMF's reserves in Special Drawing Rights (SDR) assets, which can be converted to government-backed money, have also been blocked. SDRs are the IMF's unit of exchange based on sterling, dollars, euros, yen and yuan.