Connect with us

Latest News

US and IEA make progress on Afghan reserves

Published

on

(Last Updated On: July 26, 2022)

US and Islamic Emirate of Afghanistan (IEA) officials have exchanged proposals for the release of billions of dollars from Afghan central bank reserves held abroad into a trust fund, three sources familiar with the talks told Reuters. 

Significant differences between the sides remain, however, according to two of the sources, including the IEA’s refusal to replace the bank’s top political appointees, one of whom is under US sanctions as are several of the movement’s leaders.

Some experts said such a move would help restore confidence in the institution by insulating it from interference by the IEA that took power a year ago but which foreign governments do not recognise.

While the IEA do not reject the concept of a trust fund, they oppose a US proposal for third-party control of the fund that would hold and disburse returned reserves, said an IEA source who spoke on condition of anonymity, Reuters reported. 

The United States has been in talks with Switzerland and other parties on the creation of a mechanism that would include the trust fund, disbursements from which would be decided with the help of an international board, according to a US source who also declined to be named. 

A possible model could be the Afghanistan Reconstruction Trust Fund, a World Bank-administered fund created to get donations of foreign development assistance to Kabul, the US source added.

“No agreement has been reached yet,” said Shah Mehrabi, an Afghan-American economics professor who is on the Afghan central bank’s supreme council, Reuters reported. 

Some $9 billion in reserves have been held outside Afghanistan, including $7 billion in the US. 

Latest News

Kabul police summons Afghan YouTuber Hamayon

Published

on

(Last Updated On: March 29, 2024)

Afghanistan’s YouTuber Hamayon Afghan was summoned to the police station for publishing a woman’s interview without her permission, Kabul police said.

The spokesman of Kabul Police Khalid Zadran said Friday on X that Hamayon interviewed an old woman and published the report without her permission.

“After the interview, the interviewee’s family complained to the police and the police summoned Hamayon Afghan to the police station,” said Zadran.

Zadran stated that police are working to solve the problem with the two sides’ agreement as soon as possible.

He urges people to avoid posting rumors on the issue.

Continue Reading

Latest News

Contract worth $53 million signed for construction of last section of Khaf–Herat railway

Published

on

(Last Updated On: March 29, 2024)

A contract worth $53 million was signed Thursday for the construction of the last section of Khaf-Herat railway that connects Afghanistan with Iran.

The contract was signed between Afghanistan Railway Authority and Gamma Group in the presence of Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar, his office said in a statement.

The segment is 47-kilometer long, stretching from Rabat Parian to Herat International Airport and the Industrial Town, according to the statement.

It added that completion and standard operational readiness are expected within approximately two years.

“Upon its completion, this segment will integrate the Khaf-Herat regional connectivity project with Iran’s significant seaports and facilitate access to Europe via the Turkish railway network,” the statement said.

“Furthermore, traversing Afghan territory, it will bolster commercial exchanges between Central and South Asia. Notably, this project’s realization will enable the expansion of railway networks into Farah, Nimruz, Helmand, and Kandahar provinces,” it added.

Gamma operates across Europe and Asia in multiple sectors including construction, renewable energy, power transmission, mining, railways among others.

Continue Reading

Latest News

US urges IEA to fulfill counter-terrorism commitments

Published

on

(Last Updated On: March 29, 2024)

The US State Department said on Thursday that Washington is committed to ensuring that Afghanistan can never again be a launching pad for terrorism.

“We remain committed to ensuring that Afghanistan can never again be a launching pad for terrorism, and we continue to push the Taliban (Islamic Emirate of Afghanistan) to fulfill all of their counterterrorism commitments to the international community,” the department’s spokesperson Matthew Miller said at a news briefing in Washington.

He reiterated that the United States had clearly communicated to the IEA that it’s their responsibility to ensure that “they give no safe haven to terrorists, whether it be Al Qaeda or ISIS-K or any other terrorist organization”.

Miller also reassured US allies that Washington was closely watching the developments in Afghanistan and was ready to deal with any threat emerging from the region.

“We remain vigilant against the evolving threat of these terrorist groups, and our global coalition to defeat ISIS and the C5+1 help intensify our efforts to monitor terrorist threats from the region and prevent their ability to raise funds, travel, and spread propaganda,” he said.

C5+1 refers to a diplomatic platform involving the five Central Asian states (Kazakhstan, Kyrgy­zstan, Tajikistan, Turkmenistan, and Uzbekistan) and the United States. It serves as a forum for discussing and addressing regional issues such as security, economic development, and cooperation.

“The United States remains vigilant against the evolving threat posed by terrorist groups, including ISIS-K, and has maintained an unwavering focus on terrorism since President Joe Biden took office three years ago,” Miller said.

The US, he said, was “working both unilaterally and with its partners to successfully disrupt threats across the globe and degrade ISIS”.

“We will continue to work to hold ISIS accountable for its actions and to prevent terrorist attacks against the United States and other Western countries,” Miller said.

This comes as IEA has repeatedly said that it is committed to not allowing anyone to use Afghanistan soil against any other country.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!