The Treasury Department is taking steps to prevent the Taliban from accessing $450 million in aid from the International Monetary Fund in the wake of the group’s takeover of Afghanistan
The International Monetary Fund said it will prevent Afghanistan from gaining access to some $450 million in aid in the wake of the Taliban's takeover the country, after the U.S. Treasury Department moved to block the funds.
“The potential of the SDR allocation to provide nearly half a billion dollars in unconditional liquidity to a regime with a history of supporting terrorist actions against the United States and her allies is extremely concerning,” 17 House membersThe U.S.'s move to block the allocation, confirmed by a Treasury official on Wednesday, is the latest effort by the Biden administration to withhold financial resources from the Taliban amid a chaotic American withdrawal from the country. The U.S.
The U.S. and its allies have a controlling number of votes on the IMF board. In the past, the global institution has blocked aid to countries,Ajmal Ahmady, the central bank head who left Kabul, said on Twitter thatlast weekend, leading to fluctuations in the country’s own currency.
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