Latest News
SIGAR report says no specific controls in place to ensure Afghan Fund is not misused
In response to a request by the US House Foreign Affairs Committee for information on the oversight and management of the Afghan Fund, which holds $3.5 billion of Afghanistan’s frozen funds, the US Special Inspector General for Afghanistan Reconstruction (SIGAR) said there are currently no specific controls in place to ensure funds are not diverted to or misused by the Islamic Emirate.
SIGAR chief John F. Sopko stated that as of September last year, the Fund had made no disbursements for activities intended to benefit the Afghan people. The US “Treasury and State are not currently willing to support a return of funds to DAB (Afghanistan’s central bank),” Sopko’s report read.
SIGAR also stated “the Taliban (IEA) are not part of the Afghan Fund, and robust safeguards have been put in place to prevent [Fund monies] from being used for illicit activity.”
However, the report stated that “the fund’s articles of association do not explicitly refer to the Taliban, and there are currently no specific controls in place to ensure funds are not diverted to or misused by the Taliban.”
SIGAR also stated that the US Treasury has reported that “a compliance program to prevent funds from being provided to sanctioned or criminal individuals, including members of the Taliban, was under development.”
The report also stated that neither the US Treasury nor State Department was currently “willing to support a return of funds to DAB.”
The report however pointed out that one of the Fund’s trustees is also a member of DAB’s governing body, the Supreme Council. “It is not clear whether this constitutes a conflict of interest in the form of competing fiduciary responsibilities. It is also unclear who determines whether a conflict of interest exists or how it is defined,” read the report.
In addition, Sopko reported that the “State was unaware that one of the individuals it selected to be a fiduciary of DAB’s assets was fired from a previous position for misrepresenting his credentials, raising questions about the adequacy of State’s vetting process through which this individual became a co-fiduciary of $3.5 billion of DAB assets.”
The Afghan Fund is a Swiss-based foundation capitalized with $3.5 billion of the approximately $7 billion of Afghan central bank assets deposited in US financial institutions after the former Afghan government collapsed in August 2021.
The Islamic Emirate has repeatedly asked the international community to unfreeze Afghanistan’s foreign exchange reserves.
Latest News
Azerbaijan releases 14 Afghan prisoners
Azerbaijan has released 14 Afghan nationals from its prisons, Afghan Ministry of Foreign Affairs said on Saturday.
The ministry said in a statement that the release happened following efforts by Afghanistan’s embassy in Baku.
The Ministry of Foreign Affairs expressed its appreciation to Azerbaijan and relevant authorities for their cooperation and humanitarian action. It also reaffirmed that the IEA will continue to follow up on and resolve the cases of Afghan prisoners.
Latest News
Khalilzad says U.S. ‘significantly satisfied’ with IEA’s fight against terrorism
Former U.S. special envoy for Afghanistan, Zalmay Khalilzad, says Washington is largely satisfied with the Islamic Emirate of Afghanistan’s (IEA) efforts against terrorism, though progress in broader relations remains hindered by the issue of prisoners.
In an interview with NDTV, Khalilzad said the United States views the detention of at least two American citizens in Afghanistan as the primary obstacle to improving ties.
Khalilzad highlighted what he described as a “significant degree of satisfaction” in the U.S. assessment of the IEA’s counterterrorism commitments under the Doha Agreement. He said the IEA continue to fight Daesh, a group they have long considered an enemy. Many Daesh militants, he added, have been pushed out of Afghanistan and are now in Pakistan.
At the same time, Khalilzad said concerns remain regarding human rights and the political role of non-IEA Afghans.
Latest News
Afghanistan says Pakistan is shifting blame for its own security failures
The Ministry of National Defense of the Islamic Emirate of Afghanistan has rejected recent accusations made by Pakistani officials following a deadly attack at a mosque in Islamabad, calling them “irresponsible” and “baseless.”
Pakistan’s Defense Minister Khawaja Mohammad Asif wrote on X that preliminary findings suggest the suicide bomber had been on the move to and from Afghanistan.
According to the Afghan Defense Ministry, Pakistan’s defense minister “immediately and irresponsibly” blamed Afghanistan for the attack without conducting proper investigations. Afghan authorities noted that this pattern has been repeated in the past, particularly regarding incidents in Balochistan and other security events inside Pakistan.
The ministry stated that linking such attacks to Afghanistan “has no logic or foundation,” adding that these statements cannot hide Pakistan’s internal security failures or help solve the underlying problems.
“If they were truly able to identify the perpetrators immediately after the incident, then why were they unable to prevent it beforehand?” the statement asked.
The Afghan government emphasized its commitment to Islamic values, stating it does not consider harm against innocent civilians permissible under any circumstances and does not support those involved in illegal acts.
The statement urged Pakistani security officials to take responsibility for their internal security shortcomings, review their policies, and adopt a more constructive and cooperative approach toward both their own citizens and neighboring countries.
-
Sport4 days agoJapan trumps Afghanistan 6-0 in AFC Futsal Asian Cup quarter-final
-
Sport3 days agoHosts and heavyweights advance as AFC Futsal Asian Cup reaches semifinals
-
International Sports5 days agoPakistan to boycott T20 World Cup group match against India
-
Sport5 days agoAfghanistan crush Scotland in ICC T20 World Cup warm-up
-
Latest News2 days agoTerrorist threat in Afghanistan must be taken seriously, China tells UNSC
-
Latest News3 days agoUzbekistan, Pakistan advance Trans-Afghan railway project
-
Business4 days agoAfghanistan seeks expanded ties with Russia in energy, mining and infrastructure
-
Latest News5 days agoAfghanistan faces worsening water crisis as millions return home
