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Joe Biden issues order extending freeze on Afghanistan’s foreign reserves

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In a message to Congress on the continuation of the “National Emergency With Respect to the Widespread Humanitarian Crisis in Afghanistan and the Potential for a Deepening Economic Collapse in Afghanistan,” US President Joe Biden said on Wednesday that Afghanistan’s foreign reserves would remain frozen beyond February 11.

Biden issued the original executive order on the humanitarian crisis in Afghanistan and the threat arising from it on February 11, 2022.

In an order posted to the White House’s website, Biden said: “The widespread humanitarian crisis in Afghanistan — including the urgent needs of the people of Afghanistan for food security, livelihoods support, water, sanitation, health, hygiene, and shelter and settlement assistance, among other basic human needs — and the potential for a deepening economic collapse in Afghanistan continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States.

“In addition, the preservation of certain property of Da Afghanistan Bank (DAB) held in the United States by United States financial institutions is of the utmost importance to addressing this national emergency and the welfare of the people of Afghanistan.”

He said various “parties, including representatives of victims of terrorism, have asserted legal claims against certain property of DAB or indicated in public court filings an intent to make such claims.” This property, he said, is blocked in accordance with his executive order.

This comes after Afghanistan’s foreign minister Amir Khan Muttaqi again asked for the frozen assets to be released. At the “Afghanistan Regional Cooperation Initiative” meeting in Kabul a few weeks ago, Muttaqi called on the US to return the assets to DAB.

The US froze more than $9.5 billion soon after the IEA’s takeover in August 2021.
About $7 billion was being held in the Federal Reserve Bank in New York at the time of the first order. The rest was frozen by banks in other countries.

Of the $7 billion in the US, $3.5 billion has been transferred to a special fund in Switzerland and the remaining money is being held by the US.

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6.1-magnitude earthquake hits Afghanistan, epicenter in Badakhshan

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A 6.1-magnitude earthquake struck Afghanistan on Saturday afternoon, according to the United States Geological Survey (USGS).

The quake’s epicenter was reported in Jurm district of Badakhshan province, with a depth of 208.3 kilometers.

So far, there have been no immediate reports of casualties or damage following the tremor.

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Delawar says Afghanistan has achieved security and unity after 47 years

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Shahabuddin Delawar, Head of the Commission for Contact with Afghan Personalities, says Afghanistan has achieved security, unified governance, brotherhood, and progress for the first time in 47 years under the administration of the Islamic Emirate of Afghanistan (IEA).

Speaking at a meeting in Kabul on Saturday, Delawar said Afghanistan had lacked a unified system over the past four decades, but added that with the return of the Islamic Emirate, the issue has now been resolved.

Referring to Ashura commemorations held on Friday, he said the occasion was observed peacefully across the country under full security.

Delawar also urged exiled Afghan politicians to return, saying the commission was established to serve Afghans and address the concerns of returning figures. He added that any legal disputes involving returnees would be handled exclusively through the commission.

He further said the Islamic Emirate has expanded treatment centers and intensified anti-narcotics efforts since regaining power, claiming this has led to a significant decline in drug addiction.

Addressing the issue of international legitimacy, Delawar said he understood why the United States has not recognized the Islamic Emirate, arguing that Washington suffered a defeat in Afghanistan that it cannot easily overlook.

“They have suffered a major defeat that they cannot forget; if they recognize us, they will face questions from their own people,” Delawar said.

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EU announces major funding to support Afghan small businesses

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The European Union says it is implementing hundreds of millions of euros in projects to support small and medium-sized enterprises (SMEs) in Afghanistan and help expand economic opportunities across the country.

Speaking to Ariana News, EU Chargé d’Affaires in Kabul, Veronika Boskovic Pohar, said the programs are aimed at creating jobs for skilled workers, women, youth, and returnees, while also strengthening the private sector. She added that alongside international support, Afghan authorities also have a role in facilitating economic growth.

According to Pohar, the EU is currently implementing projects worth €156 million focused on livelihoods, durable solutions, job creation, and women’s economic empowerment. She said an additional €40 million program specifically designed to support returnees will be launched in the near future.

She noted that the EU is gradually shifting its focus from emergency humanitarian aid toward long-term sustainable solutions, particularly for internally displaced people and returnees in Afghanistan.

Meanwhile, the United Nations, marking World Day of Small and Medium Enterprises, said SMEs account for more than 90 percent of businesses worldwide and play a critical role in employment and economic growth.

UN spokesperson Stéphane Dujarric stressed that stronger investment, innovation, and sustainable industrial development are essential to help businesses withstand economic challenges and build resilient economies.

Afghan private sector representatives and economic analysts say greater support for SMEs could help the country address economic challenges faster, increase employment, and promote sustainable long-term development.

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