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Afghanistan turmoil

IMF cuts off Afghanistan funds as Taliban take control

US mounted pressure campaign to block $455m payment due next week

The IMF decision comes amid uncertainty over whether the international community will recognize a Taliban government   © Reuters

NEW YORK -- The International Monetary Fund announced on Wednesday that Afghanistan will not be able to access funding from the organization, including an upcoming payment of nearly half a billion dollars, as the Taliban establishes control in Kabul.

The decision comes amid uncertainty over whether the international community will recognize a new Islamist insurgent-run government and warnings of an economic crisis on top of the security chaos in the country.

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