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IEA opposes establishment of new fund to handle frozen assets
Afghanistan’s central bank, Da Afghanistan Bank (DAB), has slammed Washington’s decision to create a new international financing mechanism to distribute $3.5 billion worth of Afghanistan’s frozen assets, claiming the move was “unacceptable”.
On Wednesday, the US State Department announced that Washington, in coordination with international partners including the Government of Switzerland and Afghan economic experts, has established the Afghan Fund, which will see the money transferred to a Swiss bank.
On Thursday, DAB issued a statement asking for the decision to be reconsidered.
“Da Afghanistan Bank has measured any decision regarding the allocation, use or transfer of these reserves to achieve unrelated goals as unacceptable and requested [the US] to be reconsider it,” the statement said.
“Da Afghanistan Bank’s foreign exchange reserves are the property of the Afghan people and have been used for many years in the light of the law to maintain monetary stability, strengthen the financial system and facilitate trade with the world.
In a press briefing on Wednesday night, State Department spokesman Ned Price said: “Today, the Department of State and the Department of the Treasury, in coordination with international partners including the Government of Switzerland and Afghan economic experts, announced the establishment of a fund to benefit the people of Afghanistan.”
“This fund will protect and preserve the Afghan central bank reserves, while making targeted disbursements to help stabilize Afghanistan’s economy and, ultimately, support its people and work to alleviate the worst effects of the humanitarian crisis,” he said.
He stated the Islamic Emirate of Afghanistan (IEA) is “not a part of this financing mechanism and resources disbursed will be for the benefit of the Afghan people, with clear safeguards and auditing in place to protect against diversion or misuse.”
He said however that the Afghan Fund is “explicitly not intended to make humanitarian disbursements. The Afghan Fund itself is to facilitate macroeconomic stability inside Afghanistan.”
“This is not what that fund is for. This fund is to provide macroeconomic stability in Afghanistan that will enhance the effectiveness of humanitarian assistance from the United States and other donors.”
Former president of Afghanistan, Hamid Karzai, also disagreed with the decision and said any move to transfer the money to a third country was unacceptable and the assets should remain the “national treasure of the people” of Afghanistan.
Some experts however believe that by transferring the money to a fund of this nature is opening the way for wastage and the Afghan people will ultimately pay the price.
“From my point of view, the decision of the US government is very cruel to the Afghan national bank and Afghans should not be treated this way,” said Taj Mohammad Talash, an economic analyst.
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Trump: Unlike Afghanistan, US took all equipment from Iraq
Trump said the withdrawal from Iraq marked the end of what he described as a costly military involvement, adding that he had set a clear mission and instructed commanders to complete it without allowing the US presence to become permanent.
US President Donald Trump on Wednesday compared the withdrawal of US forces from Iraq with the 2021 US withdrawal from Afghanistan, saying military equipment had been left behind in Afghanistan, while US forces leaving Iraq took their equipment with them.
Speaking at a White House event, Trump referred to the final departure of US-led coalition forces and equipment from Erbil Air Base in northern Iraq, which marked the end of the US military mission against Daesh in Iraq.
“I said, take a little longer. Take everyone. We left all of the equipment, if you remember, in Afghanistan. Everything was left behind,” Trump said.
“I said, ‘I want every screw taken. If there’s a screw lying on the ground, take it. If we have a canvas tent, take it.’ We took everything,” he added.
He also mentioned the August 2021 attack at Kabul airport that killed 13 US soldiers.
Trump said he had become acquainted with the families of the US service members killed in the attack and also highlighted those who were seriously wounded.
“What happened to those—to their children should never have been allowed to happen,” he said, adding that 48 wounded service members were severely injured and “never get mentioned.”
Trump said the withdrawal from Iraq marked the end of what he described as a costly military involvement, adding that he had set a clear mission and instructed commanders to complete it without allowing the US presence to become permanent.
The US military announced on Wednesday that its forces and equipment had completed an orderly departure from Erbil Air Base, formally ending Operation Inherent Resolve in Iraq. The US-led mission began in 2014 to fight Daesh after the group seized large areas of Iraq and Syria. The US is continuing its counter-Daesh mission in Syria from a headquarters in Jordan.
Trump said the US had entered Iraq to fight the Islamic State and that the group no longer controlled a territorial “caliphate.”
“We came to fight a caliphate, and there is no longer a caliphate, so we are going home indeed,” he said.
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Karzai condemns Pakistani airstrikes on Kunar and Helmand
In a statement, Karzai expressed condolences to the families of those killed and wished a swift recovery to those injured.
Former Afghan President Hamid Karzai has strongly condemned recent Pakistani airstrikes on residential areas in Kunar and Helmand provinces, saying the attacks resulted in civilian casualties, including women and children.
In a statement, Karzai expressed condolences to the families of those killed and wished a swift recovery to those injured.
Karzai described the actions by Pakistani forces as a violation of Afghanistan’s sovereignty and territorial integrity, stressing that Afghans would stand united in defending their country against foreign aggression.
He also called on Pakistan’s leaders to review what he described as confrontational and hostile policies toward Afghanistan, urging Islamabad to avoid actions that harm Afghan civilians.
Karzai further called for an end to the promotion of extremism and division, and urged Pakistan to engage with Afghanistan on the basis of good-neighborly relations and civilized cooperation.
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Moscow to host 8th meeting of Afghanistan consultations on October 5
Russian Foreign Minister Sergey Lavrov is expected to address the participants during the consultations.
The eighth round of the Moscow Format consultations on Afghanistan will be held in Moscow on October 5, Russian Foreign Ministry spokesperson Maria Zakharova said Wednesday.
The meeting will bring together special representatives and senior officials from Afghanistan, Russia, China, Iran, India, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
Belarus and Egypt have also been invited to participate as guest countries, Zakharova said during a briefing.
Russian Foreign Minister Sergey Lavrov is expected to address the participants during the consultations.
According to Zakharova, the Afghan delegation will be led by Afghanistan’s foreign minister, who is also scheduled to hold a separate meeting with Lavrov on the sidelines of the event.
The bilateral talks are expected to focus on current issues related to cooperation between Russia and Afghanistan.
At the broader consultations, participants are expected to discuss political and economic cooperation between Afghanistan and regional countries, as well as efforts to strengthen regional cooperation in combating terrorism and drug trafficking.
A joint statement is expected to be adopted at the conclusion of the meeting, Zakharova said.
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