The United States has announced the establishment of an 'Afghan Fund' to stabilize the economic condition of the people of Afghanistan, under which certain assets of the Afghan Central Bank, frozen while keeping the Taliban at bay, will be used.
US State Department spokesman Ned Price said in a press briefing that the State Department and the Treasury Department, together with international partners including Switzerland and Afghan economists, have established the Afghan Fund to benefit the people of Afghanistan.
He said that "President Biden in February formulated a policy to use the 3.5 billion dollar reserves of the Afghan Central Bank for the benefit of the people of Afghanistan while keeping them out of the hands of the Taliban."
He said that under the 'Afghan Fund', the United States and our partners are moving forward with a firm commitment to ensure that these additional resources help alleviate the hardships and suffering in Afghanistan. Will do.'
"The fund will safeguard and protect Afghanistan's central bank reserves while providing funds for specific targets to help stabilize Afghanistan's economy, thereby helping to mitigate the worst effects of the humanitarian crisis," the spokesperson said. Will get it.'
The Afghan Fund will maintain its account with the Bank for International Settlements (BIS) in Switzerland. An external auditor will monitor and audit the Afghan Fund in accordance with Swiss law. The Taliban are not part of this financing mechanism and the resources distributed will be for the benefit of the Afghan people, which will be audited to prevent misuse.
The American spokesperson said that "in addition to facilitating the establishment of this fund, our leadership is the largest donor of humanitarian aid to the Afghan people."
He said that this effort has progressed along several lines, including one billion dollars in humanitarian aid with the World Bank and the Asian Development Bank, and another $814 million in aid from the United States to provide basic needs to the Afghan people. Includes providing.
