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Interest of $270 million earned so far from Afghanistan’s frozen assets

Anwar ul-Haq Ahady, a member of the board of directors of the Afghanistan Trust Fund (ATF) in Switzerland, says the fund has so far earned $270 million in interest.
Ahady told Radio Azadi on Wednesday that this interest, earned from the $3.5 billion, can be used in Afghanistan if necessary.
“Some projects, some basic expenses of the government or the government that they do not have the power to pay and are necessary for the people of Afghanistan are also used there. But in any case, four members of the board must fully agree for such expenses.
“In the last meeting, more than a month ago, on January 29, a decision was made that if the Afghan government cannot pay the loan of the Asian Bank … and they insist that we pay, then it is possible to use this money.
“Because the Asian Bank provides humanitarian aid to Afghanistan and we do not want the humanitarian aid of the Asian Bank to be cut off. Of course, the same ruling was in the case of the World Bank, but this loan was paid by the government itself, so there was no need for us,” Ahady told Liberty radio.
At the same time, Ahady said all four board members need to agree to the spending of this money.
Turkish TRT news channel said in a report on Wednesday that the officials involved in the discussions about the spending of the money of the Afghanistan Trust Fund say for the stability of Afghanistan’s ruined financial system, it is necessary to release this money.
But according to reports, the four board members, Dr. Anwar ul-Haq Ahady, Dr. Shah Mehrabi, Dr. Jay Shambaugh, and Ambassador Alexandra Baumann, could not agree on how to spend the money, almost 18 months after the establishment of the fund.
A source told TRT that while all board members agree that this money should not be touched, the interest earned should go towards helping the people of Afghanistan.
After the return of the Islamic Emirate to power in August 2021, $7 billion belonging to the Central Bank of Afghanistan was frozen in the United States, half of which has been invested in a Swiss trust account.
The other half and is earmarked to be paid over to the families of 9/11 attacks.
The Islamic Emirate has however tried unsuccessfully to have the fund released.
During the republic, Da Afghanistan Bank, which was responsible for the country’s monetary stability, kept this capital abroad as a monetary support.
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Hanafi in China: Strong and friendly relations require positive engagement

Abdul Salam Hanafi, Administrative Deputy of Prime Minister of the Islamic Emirate of Afghanistan (IEA), has met with senior Chinese officials and a number of investors during his visit to China.
The meetings, also attended by Nooruddin Azizi, Acting Minister of Industry and Commerce, and Mohammad Naeem Wardak, Deputy Minister of Foreign Affairs, emphasized the importance of win-win cooperation between Afghanistan and China in various areas.
Hanafi stated that the Islamic Emirate supports China’s major “Belt and Road” initiative and expressed hope for enhanced and expanded cooperation between the two countries across multiple sectors.
On the Chinese side, Wang Dongming, Vice Chairman of the Standing Committee of the National People’s Congress, said that China and Afghanistan, as close neighbors, have no issues in their relations and stressed that cooperation should be strengthened based on mutual interests. He also noted that the opening of the China–South Asia Expo would bring new economic opportunities for Afghanistan.
Meanwhile, Chinese investors expressed their interest in investing in Afghanistan during a meeting with the Afghan delegation and called for the Islamic Emirate’s support in facilitating such investments.
In response, Deputy Prime Minister Hanafi highlighted Afghanistan’s broad investment opportunities and assured that the Islamic Emirate is fully prepared to provide all necessary support and facilities for both domestic and foreign investors, particularly those from China.
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Putin says situation in Afghanistan remains a concern

Russian President Vladimir Putin says the situation in Afghanistan is a concern for countries in the region.
According to the TASS news agency, Putin said in a meeting with the heads of some news agencies that Russia and Kazakhstan, as members of the Collective Security Treaty Organization, are cooperating to ensure security in the region.
The Russian president said that there are many factors that cause concern, “including, for example, the situation in Afghanistan.”
He added: “Kazakhstan does not have a common border, but yes, other countries [in the region] do.”
Russian officials have repeatedly expressed concern about possible threats from Afghan territory.
However, the Islamic Emirate has dismissed these concerns as unfounded, stressing that it will not allow Afghan territory to be used against the security of other countries.
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Norwegian delegation to visit Afghanistan

Per Albert Ilsaas, the Charge d’Affaires of Norwegian embassy for Afghanistan, has announced that a delegation from Norway will soon travel to Kabul to assess bilateral relations with authorities, the Ministry of Foreign Affairs said in a statement on Thursday.
According to the statement, the diplomat in a meeting with Amir Khan Muttaqi, Acting Minister of Foreign Affairs, shared Norway’s perspective on recent regional developments and expressed concern about their potential impact on Afghanistan.
Muttaqi also voiced concern over the current regional situation and emphasized that the Afghan government is ready to help the people of Iran based on Islamic and humanitarian principles.
He described Norway’s acceptance of a diplomat from the Islamic Emirate as a positive step toward building trust and improving relations. He also praised Norway’s constructive role in facilitating engagement between Afghanistan and Western countries.
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