Washington DC [US], August 21 (ANI): Friday, US Congressman introduced a law aimed at blocking the Taliban in Afghanistan from accessing the International Monetary Fund (IMF).

“U.S. House of Representatives Andy Barr, Republican leader of the House Financial Services Subcommittee on National Security, International Development and Monetary Policy, introduced the IMF Afghanistan Approved Guarantee Act today,” the House of Representatives said in a statement.

This is because the Taliban’s control of the country has created uncertainty about the country’s future, and the IMF has announced that it will block Afghanistan’s access to US $ 460 million worth of emergency reserves. According to the New York Times, the decision followed pressure from the Biden administration to prevent reserves from reaching the Taliban.

This latest bill will instruct Washington to exert influence at the IMF to advocate opposition to approving the government of the Islamic Republic of Afghanistan under the control of the Taliban. In addition, the law guarantees that the IMF Fund will be banned from Afghan government agencies that are actively involved in or promoting acts of terrorism or the suppression of human rights.

“While the administration’s decision to withhold US $ 450 million in SDR has begun, it does not correct the underlying concern that Taliban militants may still have access to the IMF’s resources,” Barr said. The lawmaker said. “My bill will use American muscles to separate Afghanistan from the IMF unless there is no national interest to overturn that decision and we cannot be sure that the Afghan government protects women’s rights and does not support terrorists. Bar’s IMF Referral The Afghanistan Approval and Guarantee Act comes into force a few days after sending a letter to New York Fed President John C. Williams calling for the protection of Afghanistan’s assets held in the United States.

“For fast-moving events, frequently with government agencies to ensure that only authorized representatives of Afghanistan, approved by the Secretary of State, enjoy de facto control of account access under the Federal Reserve. It is advisable to make adjustments, and the Afghan account cannot benefit the Taliban’s malicious activities. “

“Furthermore, in addition to the automated procedures already in place to detect and potentially thwart suspicious activity during this uncertain period, important transactions related to Afghan property at your institution. We encourage you to scrutinize. ” (ANI)