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WASHINGTON (Reuters) – The International Monetary Fund on Thursday said it was deeply concerned with the economic situation facing Afghanistan and warned of a looming humanitarian crisis facing the country after last month’s takeover by Islamist Taliban insurgents.

Gerry Rice, spokesperson for the IMF said that global lender IMF’s engagement in Afghanistan is still suspended. This means IMF funding has been halted.

His immediate concern should be to help Afghans by opening the floodgates for small-scale transfers and remittances, as well providing assistance to the countries housing Afghan refugees.

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