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U.S. moves to free $7 billion in Afghan assets to aid Afghan people, 9/11 victims

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(Last Updated On: February 11, 2022)

The U.S. government will take steps on Friday to free half of the $7 billion in frozen Afghan reserves held in the United States to aid the Afghan people without providing the Islamic Emirate of Afghanistan (IEA) access to the funds, sources familiar with the plan said.

A multi-step plan calls for the other half of the funds to remain in the United States, subject to ongoing litigation by U.S. victims of terrorism, including relatives of those who died in the Sept. 11, 2001, hijacking attacks, the sources said.

The moves come amid mounting pressure in Congress for the Biden administration to use the frozen Afghan reserves to address the dire economic crisis facing Afghanistan, where twitch suffering severe recession and liquidity crisis.

To move forward, President Joe Biden will sign an executive order on Friday that will block property of the Afghan central bank held in the United States by U.S. financial institutions, requiring the transfer of the funds into a consolidated account held at the Federal Reserve Bank of New York, the sources said.

The U.S. government will work to ensure access to $3.5 billion of those assets for “the benefit of the Afghan people and for Afghanistan’s future,” said one of the sources, without providing details.

Decisions about the remaining funds need to be made by federal courts since some of the 9/11 families have writs of execution against the frozen assets, the sources said, adding that the plaintiffs would have a full opportunity to have their claims heard in court.

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Red Cross official seeks ‘staggered’ return of Afghan refugees from Pakistan

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(Last Updated On: April 28, 2024)

A senior Red Cross official has called for the return of Afghan refugees from Pakistan to occur “in a more staggered way” so Afghanistan can better absorb them.

“It will be important to work with the government of Pakistan in 2024 to ask that if there are going to be returnees,” that they arrive “in smaller numbers at a time just so it is more manageable on the Afghan side,” said Alexander Matheou, regional director, Asia Pacific Region for the International Federation of the Red Cross, Voice of America (VOA) reported on Saturday.

Speaking in the Qatari capital, Doha, Matheou told journalists on Friday the challenges facing Afghan returnees from Pakistan was one of several pressing issues he discussed with the officials of the Islamic Emirate in Kabul.

“You will be aware that over half a million have crossed the border over recent months, and it is likely that we will see large numbers of new arrivals in the coming months,” he said.

“I imagine this is probably the largest population flow in a short period of time in Asia since the population movement from Myanmar into Bangladesh in 2017,” he added. “So, it is a significant event.”

Since October, Pakistan has expelled more than 500,000 Afghan refugees who lacked proper documentation.

Matheou noted many of the returnees have lived in Pakistan for decades and are ill-equipped to begin a new life in a country that to them is unknown, without government or international support.

He described the returnees as being in generally poor health, especially the children, who account for nearly half of all returnees.

“The evidence of that was we visited clinics where they reported a real spike in cases of acute malnutrition coming from the arrivals from Pakistan.

“We visited routine immunization programs of the IFRC and the Afghan Red Crescent in the villages, and there it was clear looking at the children that as well as being anemic, you could see wasting and stunting among the children,” he said.

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Turkmenistan committed to complete TAPI energy project

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(Last Updated On: April 28, 2024)

Turkmenistan is committed to complete the Turkmenistan–Afghanistan– Pakistan–India (TAPI) energy project together with the regional countries, Muhammetmyrat Amanov, CEO of TAPI Pipeline Company Limited, said.

“Turkmenistan is making significant progress on the TAPI natural gas pipeline, which aims to supply 33 billion cubic meters annually to South Asia” Amanov said speaking at the Turkmen Energy Investment Forum (TEIF 2024) in Paris.

He highlighted that the Turkmenistan section of the pipeline is complete and the ongoing discussions to advance the project beyond Turkmenistan are in strict alignment with international standards.

Amanov said the project emphasizes environmental sustainability by leveraging natural gas to reduce emissions significantly compared to coal and oil, thereby tackling indoor pollution and enhancing regional air quality.

“In light of the ongoing project developments, Turkmenistan remains committed to upholding international law, fulfilling its obligations, and adhering to international norms and regulations,” he stressed.

 

 

 

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Three road construction projects launched in Kabul

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(Last Updated On: April 27, 2024)

Three road construction projects worth about one billion Afghanis started in capital Kabul on Saturday.

The projects were inaugurated by Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar.

The projects are: the second phase of Kotal Khairkhane road, the first part of the Shahid square to Qasaba, and the Airport road to Gumruk.

In the inauguration ceremony, Mullah Baradar said that Kabul municipality is working hard to beautify and regulate the city, and people should cooperate with the government in protecting public benefit projects.

He directed the officials of Kabul municipality to complete the mentioned projects on time and with good quality.

The second phase of Kotel Khairkhaneh road is 2.5 kilometers long and 60 meters wide. Thie road will cost 364 million Afghanis and will be completed in 20 months.

The Shahid square-Qasaba road is 1.8 kilometers long and 45 meters wide, which will be built at a cost of 175 million Afghanis in one year.

The Airport-Gumruk road is 2.7 km long and 60 meters wide, which will be completed at a cost of 407 million Afghanis in 20 months.

The projects are funded by Kabul Municipality.

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