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IEA, US meet in Doha to discuss freeing of Afghanistan’s frozen assets

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(Last Updated On: June 29, 2022)

A senior Islamic Emirate of Afghanistan (IEA) delegation, led by Foreign Minister Amir Khan Muttaqi, headed to Qatar on Wednesday to hold talks with US officials to release some of the $9 billion of frozen reserves. 

According to a Washington Post report, US officials have tried to set up a system for assets to be managed, while simultaneously erecting safeguards to ensure the funds are not siphoned off for misuse by the IEA.

One option discussed by those close to the talks involves having a third party trust fund administer the money, according to the report.

Bloomberg also reported that the discussion will center around “creating a mechanism for releasing the frozen Afghan reserves.” 

Ahmad Wali Haqmal, a spokesman for Afghanistan’s finance ministry told Bloomberg: “We’re expecting this would be a serious round of talks.”

US officials have expressed optimism about the progress on talks but cautioned that several obstacles to the deal remain.

“It would be accurate to say negotiations are underway,” said Shah Mehrabi, an economics professor at Montgomery College in Maryland and a senior member of  Afghanistan’s central bank board since 2002. 

“We are in the process of trying to come up with a mechanism that will allow the transfer of reserves to the central bank of Afghanistan,” he said.

Mehrabi said food costs have skyrocketed by 18 percent in the past several months. Basic household goods rose in cost by 35 percent during the first few months of the year; in May, inflation for household goods hit 42 percent, Mehrabi said.

“These reserves belong to the Afghan people; they are needed to stabilize prices,” he said. “The faster it is delivered to the central bank of Afghanistan, the sooner we will see the impact of the reduction in prices that are critical to enable ordinary Afghans to afford food, cooking oil, and sugar and fuel. Now, they can’t do that.”

The delegation includes central bank Governor Mohammad Idris and Deputy Finance Minister Nazir Kabiri. They will meet with the US Special Envoy for Afghanistan Thomas West and officials from the treasury department, Haqmal said.

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Tripartite trade meeting held in Kabul to boost regional connectivity

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(Last Updated On: April 26, 2024)

A tripartite meeting between the delegations of Afghanistan, Turkmenistan and Kazakhstan was held in Kabul with the aim of connecting North Asia to South Asia and reducing transit and transportation costs among these three countries, the Ministry of Trade and Commerce said in a statement.

In this meeting, an agreement was reached on the creation of a joint technical committee to continue the talks.

This tripartite meeting was held under the leadership of Nooruddin Azizi, the Acting Minister of Industry and Commerce, Vice President of Turkmenistan and Srik Zhumangarin, the Deputy Prime Minister of Kazakhstan.

Earlier, a bilateral meeting was held between the delegation of the Islamic Emirate and Turkmenistan. The ministry of commerce said the participants of the meeting discussed the construction of a large joint logistics center in Torghondi, the trilateral transit agreement between the IEA, Turkmenistan, and Kazakhstan, the expansion of Afghanistan’s railway, solving issues related to Afghan transit and export goods, and a number of other commercial issues.

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No destructive groups including Daesh present in Afghanistan: Yaqub Mujahid

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(Last Updated On: April 26, 2024)

Acting Minister of National Defense Mohammad Yaqub Mujahid has said that no destructive groups including Daesh have physical presence in Afghanistan, adding the Islamic Emirate of Afghanistan (IEA) will not allow anyone to pose threat to any country in the region from the Afghan soil.

Mujahid made the remarks in a meeting with a delegation from Malaysia in Kabul on Thursday.

According to a statement released by the Ministry of Defense, Mujahid highlighted Malaysia’s “good treatment” of Afghan refugees and its long-standing relations with Afghanistan, and said that Malaysia is a powerful Islamic country and visits should increase.

He added that with the establishment of the Islamic Emirate, occupation and war ended in Afghanistan, and the country is fully secure.

Based on the statement, the Malaysian delegation called Afghanistan a friendly country and while emphasizing on comprehensive cooperation, it assured that what they have seen in Afghanistan will be shared with the authorities of their country.

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EU allocates 17 million euros to support Afghans on the move

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(Last Updated On: April 26, 2024)

The European Union signed an agreement worth 17 million euros with the International Organization for Migration (IOM) to improve access to basic services, increased economic opportunities and protection for Afghans on the move and their host communities in Afghanistan.

The needs of women and girls are a particular focus of the programme, EU said in a statement released on Thursday.

The statement noted that from January 2023 until April 2024, over 1.5 million Afghans returned from Pakistan and Iran.

“I am deeply moved by the hardship returnees face when being deported to Afghanistan. In a country suffering from poverty and climate change, and in a city that just saw devastating earthquakes, this truly is a crisis within a crisis.”, said Peteris Ustubs, Director for the Middle East, Asia and Pacific of the European Commission’s Department for International Partnerships during the signing ceremony at the IOM transit centre in Herat.

Raffaella Iodice, EU Chargée d’Affaires a.i. to Afghanistan, added “The solidarity of the Afghan people towards their brothers and sisters is an inspiration. We must assure that communities hosting and helping new arrivals are supported. The partnership with IOM ensures access to essential services and provides protection for Afghan returnees and their host communities. As women and girls can be particularly affected, we make sure that all members of society can benefit”.

“IOM’s continued partnership with the EU has been critical in enabling our teams to reach hundreds of thousands of Afghan returnees and other vulnerable communities in the country”, said IOM Afghanistan Chief of Mission, Maria Moita. “Thanks to this renewed commitment, we will be able to focus on addressing the immense challenges in the areas of return and contribute to reintegration, social cohesion, and longer-term solutions for those communities.”

This additional contribution is part of a 5-year programme that is being implemented across Afghanistan and in four countries in the region. It builds on the EU’s previous support to IOM to improve the wellbeing of Afghans forced to return to the country, EU said.

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