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SIGAR report says no specific controls in place to ensure Afghan Fund is not misused

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(Last Updated On: January 9, 2024)

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.

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Red Cross official seeks ‘staggered’ return of Afghan refugees from Pakistan

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(Last Updated On: April 28, 2024)

A senior Red Cross official has called for the return of Afghan refugees from Pakistan to occur “in a more staggered way” so Afghanistan can better absorb them.

“It will be important to work with the government of Pakistan in 2024 to ask that if there are going to be returnees,” that they arrive “in smaller numbers at a time just so it is more manageable on the Afghan side,” said Alexander Matheou, regional director, Asia Pacific Region for the International Federation of the Red Cross, Voice of America (VOA) reported on Saturday.

Speaking in the Qatari capital, Doha, Matheou told journalists on Friday the challenges facing Afghan returnees from Pakistan was one of several pressing issues he discussed with the officials of the Islamic Emirate in Kabul.

“You will be aware that over half a million have crossed the border over recent months, and it is likely that we will see large numbers of new arrivals in the coming months,” he said.

“I imagine this is probably the largest population flow in a short period of time in Asia since the population movement from Myanmar into Bangladesh in 2017,” he added. “So, it is a significant event.”

Since October, Pakistan has expelled more than 500,000 Afghan refugees who lacked proper documentation.

Matheou noted many of the returnees have lived in Pakistan for decades and are ill-equipped to begin a new life in a country that to them is unknown, without government or international support.

He described the returnees as being in generally poor health, especially the children, who account for nearly half of all returnees.

“The evidence of that was we visited clinics where they reported a real spike in cases of acute malnutrition coming from the arrivals from Pakistan.

“We visited routine immunization programs of the IFRC and the Afghan Red Crescent in the villages, and there it was clear looking at the children that as well as being anemic, you could see wasting and stunting among the children,” he said.

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Turkmenistan committed to complete TAPI energy project

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(Last Updated On: April 28, 2024)

Turkmenistan is committed to complete the Turkmenistan–Afghanistan– Pakistan–India (TAPI) energy project together with the regional countries, Muhammetmyrat Amanov, CEO of TAPI Pipeline Company Limited, said.

“Turkmenistan is making significant progress on the TAPI natural gas pipeline, which aims to supply 33 billion cubic meters annually to South Asia” Amanov said speaking at the Turkmen Energy Investment Forum (TEIF 2024) in Paris.

He highlighted that the Turkmenistan section of the pipeline is complete and the ongoing discussions to advance the project beyond Turkmenistan are in strict alignment with international standards.

Amanov said the project emphasizes environmental sustainability by leveraging natural gas to reduce emissions significantly compared to coal and oil, thereby tackling indoor pollution and enhancing regional air quality.

“In light of the ongoing project developments, Turkmenistan remains committed to upholding international law, fulfilling its obligations, and adhering to international norms and regulations,” he stressed.

 

 

 

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Three road construction projects launched in Kabul

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(Last Updated On: April 27, 2024)

Three road construction projects worth about one billion Afghanis started in capital Kabul on Saturday.

The projects were inaugurated by Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar.

The projects are: the second phase of Kotal Khairkhane road, the first part of the Shahid square to Qasaba, and the Airport road to Gumruk.

In the inauguration ceremony, Mullah Baradar said that Kabul municipality is working hard to beautify and regulate the city, and people should cooperate with the government in protecting public benefit projects.

He directed the officials of Kabul municipality to complete the mentioned projects on time and with good quality.

The second phase of Kotel Khairkhaneh road is 2.5 kilometers long and 60 meters wide. Thie road will cost 364 million Afghanis and will be completed in 20 months.

The Shahid square-Qasaba road is 1.8 kilometers long and 45 meters wide, which will be built at a cost of 175 million Afghanis in one year.

The Airport-Gumruk road is 2.7 km long and 60 meters wide, which will be completed at a cost of 407 million Afghanis in 20 months.

The projects are funded by Kabul Municipality.

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