IMF blocks over $440 million funds transfer to Afghanistan over ‘lack of clarity’

The International Monetary Fund said it suspended Afghanistan's access to IMF resources, including around $440 million in new monetary reserves, due to a lack of clarity over the country's government.

The International Monetary Fund said on Wednesday it suspended Afghanistan's access to IMF resources, including around $440 million in new monetary reserves, due to a lack of clarity over the country's government after the Taliban seized control of Kabul. The IMF's announcement came amid pressure from the U.S. Treasury, which holds a controlling share in the Fund, to ensure that Afghanistan's share of a Special Drawing Rights reserves allocation scheduled for Monday not fall into Taliban hands.