close
Saturday, October 9, 2021

Taliban: Afghanistan excluded from IMF’s debt relief program

Afghanistan was excluded because the Taliban government is yet to be recognised by the international community.

• October 8, 2021
IMF DG, Kristalina Georgieva and Taliban
IMF DG, Kristalina Georgieva and Taliban

Afghanistan has notably been excluded from the International Monetary Fund’s $124 million debt relief program for low-income countries struggling under the effects of COVID-19.

“There remains a lack of clarity within the international community regarding the recognition of the government in Afghanistan,” the fund said in a statement released on Friday.

The IMF added that this lack of recognition of the Taliban government was why the “Fund’s engagement with Afghanistan” was on pause, and its exclusion from the debt relief programme.

The approval of the fourth batch of debt relief is to help provide funding for healthcare, social, and economic support to soften the impact of the COVID-19 pandemic. 

The exemption of Afghanistan comes as the country was taken over by the Taliban extremist group in August.

Shortly after the Taliban’s return to power, the World Bank announced that it was freezing payments for its projects in the country. 

“We have paused disbursements in our operations in Afghanistan, and we are closely monitoring and assessing the situation in line with our internal policies and procedures,” a World Bank spokesperson said then in Washington.

The World Bank explained that ahead of its fall, it had provided aid to Afghanistan totalling almost $5 billion from 2002 through April 2021.

More from Peoples Gazette

Enugu

Igbos want to be part of Nigeria, treat us fairly: Umahi

Governor of Ebonyi, Dave Umahi, says the Igbos want to be part of a fair and equitable Nigeria, not a breakaway Biafra.

Economy

MTN Nigeria gets approval to launch N88.9 billion bond

MTN’s company secretary, Uto Ukpanah, announced this in a notice on Friday, in Lagos.

Spotify

Showbiz

Spotify lists top 10 Nigerian cities listening to music

Lagos, Suleja and Abuja led other Nigerian cities in music listening between July to September 2021, according to Spotify.

Nigerian passport

World

Buhari regime introduces visa-on-arrival for investors: Official

The visa on arrival policy is to facilitate easy travels and promote international trading activities.

Femi Adesina, Samson Ayokunle and Muhammadu Sa'ad Abubakar

Politics

Imams, pastors, media cause of bloodshed in Nigeria: Adesina

Known for his use of ill-mannered language, Adesina said life in Nigeria had become “nasty, brutish and short”.

Windows 11

World

HP launches Windows 11

The company said the technology would further change how people work, learn and play.