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UN sets up trust fund for ‘people’s economy’ in Afghanistan

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The United Nations said on Thursday it had set up a special trust fund to provide urgently-needed cash directly to Afghans through a system that would tap into donor funds frozen since the Islamic Emirate of Afghanistan (IEA) takeover in August.

Achim Steiner, the UN Development Programme’s (UNDP) administrator, said that Germany, a first contributor, had pledged 50 million euros ($58 million) to the fund, and that it was in touch with other donors.

“Discussions over the last few weeks have focused on how we do find a way to be able to mobilise these resources in view of the economic implosion that is now unfolding and the international community’s repeated commitment not to abandon the people of Afghanistan,” he told a news briefing.

This comes after US Deputy Treasury Secretary Wally Adeyemo said on Tuesday he sees no situation where the IEA would be allowed access to Afghan central bank reserves, which are largely held in the United States.

The IEA has called for the United States to lift a block on more than $9 billion of Afghan central bank reserves held outside the country as the government struggles to contain a deepening economic crisis.

“We believe that it’s essential that we maintain our sanctions against the Taliban (IEA) but at the same time find ways for legitimate humanitarian assistance to get to the Afghan people. That’s exactly what we’re doing,” Adeyemo told the Senate Banking Committee.

Washington and other Western countries are grappling with difficult choices as a severe humanitarian crisis looms large in Afghanistan. They have been trying to work out how to engage with the IEA without granting them legitimacy, while ensuring humanitarian aid flows into the country.

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High-level Uzbek delegation arrives in Kabul to boost bilateral trade

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A high-level government–private sector delegation from Uzbekistan, led by Shukhrat Abdullazakov, Governor of Namangan Province, arrived in Kabul to enhance trade between the two countries and promote investment in Afghanistan.

According to a press release from the Ministry of Industry, the delegation, which includes deputy governors and more than 30 of Uzbekistan’s top businesspeople and investors, will meet with officials of the Islamic Emirate of Afghanistan and participate in conferences and trade meetings.

The delegation will also travel to Balkh, meet with local officials, and hold business meetings with members of the private sector.

Additionally, the delegation will inaugurate an exhibition of Uzbek products and goods in Mazar-i-Sharif.

This visit follows the trip of Erkinjon Turdimov, Governor of Uzbekistan’s Syrdarya Province, and his accompanying delegation, and is based on meetings between Nuruddin Azizi, Minister of Industry and Trade of the Islamic Emirate, and senior Uzbek officials.

Other governors from Uzbekistan are also expected to visit Afghanistan to further expand bilateral trade and economic relations.

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Herat Chamber of Commerce donates 15 million AFN to the people of Iran

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The Herat Chamber of Commerce and Investment announced on Saturday that national traders, jointly through the chamber, have provided approximately 15 million AFN in aid to the people of Iran.

The chamber stated that this aid package was delivered to the Iranian Consulate in Herat. It added that the assistance was intended to express solidarity with families affected by the war.

Mohammad Younes Qazizadeh, head of the Herat Chamber of Commerce and Investment, said: “Today we have presented 15 million AFN to the dear people of Iran through the Herat provincial authorities and the Iranian Consulate, and this aid will continue.”

Meanwhile, officials at the Iranian Consulate in Herat emphasized that Afghanistan and Iran always stand together and fully understand each other’s difficulties.

The Herat Chamber of Commerce and Investment also highlighted that the people of Iran have consistently supported the people of Afghanistan during various crises, and their cooperation in different sectors has reached families affected in the country.

Officials of the Herat Chamber of Commerce and Investment stressed that the process of private-sector humanitarian aid to the affected people of Iran will continue.

Following attacks by the United States and Israel on Iran, many people in the country have been affected and harmed.

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Severe floods in Badghis leave five dead

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Local officials in Badghis have reported that heavy rainfall from midnight until Saturday morning claimed the lives of five people in the province.

According to officials, three people died in Qadis district, while two others, including a three-year-old child, lost their lives in Dara-e-Bum district.

The Badghis Department for Disaster Management stated that the floods not only caused fatalities but also inflicted significant financial losses on local residents and destroyed agricultural land.

However, complete information on the extent of damage and casualties is not yet available. Staff from various government departments have been dispatched to affected areas to conduct preliminary surveys.

Meanwhile, heavy rains and floods in western Afghanistan temporarily blocked the Herat–Kandahar Highway.

According to Mohammad Israil Sayar, head of the Disaster Management Department in Farah province, recent rainfall has caused the Farah River to swell significantly. He added that the situation has now returned to normal, and traffic along the highway has resumed.

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