The funds worth $600 million will be directed towards helping around 11 million people in Afghanistan, the global humanitarian agency says.
The fund aims to inject liquidity into Afghan households by providing cash to Afghan workers in public works programmes and micro-enterprises.
US Treasury issued two general licenses, one of which allows the US government, NGOs and certain international organizations, including the UN, to engage in transactions with the Taliban in a bid to provide aid to the war-torn country.
"Try an innovative way of engaging with them [Taliban]. The way that they were being dealt with has not worked," says Pakistani FM Shah Mehmood Qureshi.
Afghanistan has some $9 billion in reserves abroad - most of it held with the US Fed, says the central bank governor.
The economic and financial crisis roiling Lebanon is the gravest threat to its stability since the 15-year civil war ended in 1990.
Ruling party candidate Mohamed Bazoum is seen by many as the favourite after leading in the first round on December 27 with 39.3 percent of the vote. Polling stations opened at 0700 GMT and will close at 1800 GMT (8 am to 7pm) local time.
The international financial institution said that with the additional approvals of 2020, the active lending portfolio in Turkey rises to $6.7B in support of 21 projects.
The Covid-19 pandemic has ravaged economies globally, but Pakistan has been on the receiving end of a boom that could continue until the end of this year.
IMF warns that the brunt of the economic impact is being borne by lower income families, predominantly Black and Hispanic, who are least able to weather the downturn.
The IMF predicts that the global economy will shrink 4.9 percent this year, calculating damages worse than from any other downturn since the Great Depression of the 1930s.
While most Turkish students have returned home, international students are mainly confined to their dormitories, unsure of what the future holds.
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