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Afghan central bank board member asks Biden, IMF to release funds
A senior board member of Afghanistan’s central bank is urging the US Treasury and the International Monetary Fund to take steps to provide the Taliban-led government limited access to the country’s reserves to avoid economic disaster.
The Taliban took over Afghanistan with astonishing speed, but it appears unlikely that they will get quick access to most of the roughly $10 billion in assets held by Da Afghanistan Bank (DAB), which are mostly outside of the country, Reuters reported.
US President Joe Biden’s administration has said any central bank assets the Afghan government have in the United States will not be made available to the Taliban, and the IMF has said the country will not have access to the lender’s resources.
Shah Mehrabi, an economics professor at Montgomery College in Maryland and a member of the bank’s board since 2002, told Reuters in a telephone interview on Wednesday that Afghanistan faces an “inevitable economic and humanitarian crisis” if its international reserves remain frozen.
Mehrabi stressed he does not speak for the Taliban but is making this push in his capacity as a sitting board member. He said he plans to meet with US lawmakers this week, and hopes to talk to US Treasury officials soon as well.
“If the international community wants to prevent an economic collapse, one way would be to allow Afghanistan to gain limited and monitored access to its reserves,” he told Reuters.
“Having no access will choke off the Afghan economy, and directly hurt the Afghan people, with families pushed further into poverty.”
Mehrabi is proposing that Washington allow the new government in Kabul a limited amount of access each month, perhaps in the range of $100m to $125m to start with, that would be monitored by an independent auditor.
“The Biden administration should negotiate with the Taliban over the money in the same way they negotiated over the evacuation,” he said.
If the assets remain entirely frozen, then inflation will continue to soar, Afghans will not be able to afford basic necessities, and the central bank will lose its main tools for conducting monetary policy, he said.
The Taliban can survive on customs duties, increasing opium production, or selling off captured American military gear, but everyday Afghans will suffer and be solely reliant on international aid if the country does not have access to currency, Mehrabi added.
After nearly 20 years of American intervention, the Afghan economy is heavily dollarised, and depends on imports that largely must be purchased with foreign currency, he said.
With overseas reserves off-limits, Da Afghanistan Bank may be undermined after having cultivated a non-political, technocratic institution that so far has been allowed to continue its work under the Taliban, Mehrabi said.
“Their work there is not based on who is in power,” he said, noting that he has not been personally in touch with Taliban representatives, but is in daily contact with colleagues running operations there now.
Ajmal Ahmady, who led the central bank until the capture of Kabul, has said about $7 billion of DAB’s assets was held as a mixture of cash, gold, bonds and other investments at the US Federal Reserve.
Most of the rest is in other international accounts and at the Bank for International Settlements, a bank for central banks based in Switzerland, and not physically in DAB vaults, he said – leaving about 0.2 percent or less of the total accessible to the Taliban.
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US State Department: Afghanistan fails to meet minimum fiscal transparency standards
The U.S. Department of State says Afghanistan’s ministries and other public-sector institutions failed to meet any of the minimum requirements for fiscal transparency during the review period.
In its 2026 Fiscal Transparency Report, released Tuesday, the State Department said no Afghan entity had published an executive budget proposal or an end-of-year report within a reasonable timeframe.
The report said that in the absence of a publicly available budget, there was no confirmation of government expenditures made to support public services. It also said Afghan institutions had not published timely information on public-sector debt obligations.
According to the report, publicly available revenue and expenditure figures did not correspond to actual revenues and expenditures, based on information gathered through contacts and the government’s inability to service public-sector debts.
However, some state-owned enterprises independently published information on their revenues and expenditures.
The State Department also said an entity calling itself the Supreme Audit Office, which announced that it would begin operating in 2022, had not clarified the legal basis for its activities and did not publish any audits or audit findings during the review period.
The report further noted that the IEA did not make public the budgets of their “military” and intelligence services.
The U.S. State Department recommended that Afghan ministries and public institutions improve fiscal transparency by publishing reliable budget documents on time, following internationally accepted budgeting principles, strengthening oversight of off-budget accounts, and making information on public-sector debt publicly available.
It also called for clearer laws governing natural-resource extraction and public procurement, as well as ensuring that any supreme audit institution operates independently and meets international standards.
Meanwhile, the Islamic Emirate’s spokesperson, Zabihullah Mujahid, said Afghanistan’s budget does not belong to any other country, and therefore there is no obligation to provide information to others about how it is spent.
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FAO warns water shortages and heat put Afghanistan’s agriculture under pressure
FAO assessed current conditions and prospects using climate forecasts, remote-sensing data and consultations with farming communities across all 34 provinces.
The Food and Agriculture Organization of the United Nations (FAO) has warned that water shortages and above-average temperatures are placing increasing pressure on summer crops and grazing across Afghanistan.
In its August 2026 outlook for Afghanistan’s 2026/27 agricultural season, FAO assessed current conditions and prospects using climate forecasts, remote-sensing data and consultations with farming communities across all 34 provinces.
The agency said persistent water shortages, combined with high temperatures, are affecting agricultural conditions during the summer season and increasing pressure on crops and livestock.
FAO also warned that persistently high fertilizer prices could limit farmers’ ability to invest in the upcoming winter wheat season, potentially affecting production prospects.
Looking ahead, the report says a strengthening El Niño and the possible development of a positive Indian Ocean Dipole could bring above-average precipitation during winter and spring.
Such conditions could improve water availability and boost prospects for agricultural production, but FAO cautioned that heavier rainfall could also increase the risk of floods, landslides, crop damage and livestock losses.
The agency said the latest outlook highlights the need for continued monitoring, anticipatory action and timely, practical climate and agricultural advisories to help farmers and livestock owners prepare for changing conditions.
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Hana raises concerns over Afghan women and children amid Iran’s expulsion policy
It said the risks are particularly serious for children born in Iran or those who have spent much of their lives there.
The Hana Human Rights Organization has raised serious concerns over the situation of Afghan women and children in Iran, saying the country’s plan to regulate and expel undocumented Afghan nationals remains in effect.
According to Hana, Iran’s Ministry of Interior has confirmed that the “Plan for the Regulation and Expulsion of Unauthorized Afghan Nationals” has not been suspended.
The organization said the policy is continuing amid the consequences of armed conflict and an increasingly securitized environment in Iran, which it said has heightened the vulnerability of Afghan migrants and asylum seekers.
Hana said it has previously documented cases involving the arrest and mistreatment of Afghan nationals, deportations, family separation and difficulties obtaining civil documentation and accessing essential services.
The organization warned that continued implementation of the expulsion policy could worsen these problems.
Hana expressed particular concern for Afghan children under 18, stressing that children’s rights are independent of their parents’ migration status.
It said irregular residence should not, by itself, justify a child’s detention, separation from family or removal without an individualized assessment. Any decision affecting a child, it added, should prioritize the child’s best interests, preserve family unity and provide additional safeguards for unaccompanied and separated children.
The organization warned that large-scale expulsions without clear procedures to identify and protect children at risk could result in family separation, disruption to education, lack of legal protection, difficulties establishing legal identity, exploitation and return to unsafe conditions.
It said the risks are particularly serious for children born in Iran or those who have spent much of their lives there.
Hana also highlighted gender-specific risks facing Afghan women and girls. It warned that deportation to Afghanistan without assessing risks linked to gender, previous political or social activities, family circumstances and access to support networks could expose them to serious human rights violations.
The organization said being classified as an “unauthorized foreign national” should not replace an individual assessment of a person’s protection needs and the risks they may face upon return.
Hana stressed that while states have the authority to regulate the entry and residence of foreign nationals, migration enforcement must comply with international human rights principles, including non-refoulement, the prohibition of collective expulsion, access to individualized procedures and respect for family unity.
It called for heightened protection for women and children, warning that continuing the expulsion plan without effective legal and protection safeguards could lead to further human rights violations against Afghan migrants and asylum seekers in Iran.
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