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US and IEA make progress on Afghan reserves
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.
Hundreds of former U.S. officials are calling on Washington to cancel a reported plan to relocate Afghan refugees from Qatar to the Democratic Republic of the Congo.
In an open letter addressed to the U.S. State Department, more than 600 former civilian and military officials, along with around 100 organizations, urged the administration to stop the proposed transfer. The letter was sent to Marco Rubio.
The signatories argue that the Afghan nationals in question were brought to Qatar by the United States to complete legal immigration procedures after undergoing extensive security vetting. The letter states that while the individuals were cleared for resettlement in the United States, they are now being considered for relocation to Congo, a country for which they were never screened.
“Those individuals were vetted and approved for the United States, not for the Democratic Republic of the Congo,” the letter reads.
According to the report, more than 1,100 Afghan allies and their family members are currently being held at Camp As Sayliyah in Qatar under U.S. supervision. Around 800 of them have already completed all security checks and received authorization to travel to the United States. More than half are women and children, and many have remained in transit limbo for over 15 months.
The situation has drawn criticism from former officials and policy observers, who describe the proposed relocation as a betrayal of Afghan allies who supported U.S. missions and risked their lives during the war in Afghanistan. Critics also warn that the move could damage U.S. credibility with future partners.
Several members of the U.S. Congress had previously expressed opposition to the proposal, cautioning that it could significantly undermine trust in the United States among its allies.
Asif Durrani, Pakistan’s former special envoy for Afghanistan, has said that no country should interfere in Afghanistan’s internal affairs, stressing that it is up to Afghans themselves to bring about any change in their country.
In a post on X, Durrani said Afghans should be “left to their own devices” and that they would eventually “find the way out” of their challenges.
However, he warned that instability inside Afghanistan could have negative consequences for neighbouring countries, adding that Afghan leaders and their supporters should take responsibility to address such risks.
Durrani described his remarks as a simple expression of goodwill and best wishes for the Afghan people and their future.
Latest News
Uzbekistan and Japan discuss joint projects for Afghanistan’s socio-economic development
The Special Representative of the President of the Republic of Uzbekistan for Afghanistan, Ismatulla Irgashev, has met with Tetsuya Yamada, Director General of the South Asia Department at the Japan International Cooperation Agency (JICA), to discuss cooperation on Afghanistan-related development projects.
According to Uzbekistan’s Ministry of Foreign Affairs, both sides focused on the implementation of joint initiatives aimed at supporting the socio-economic development of Afghanistan.
During the meeting, the Japanese side praised Uzbekistan’s “pragmatic approach” toward Afghanistan, as well as the infrastructure developed in the border city of Termez.
Japan also expressed interest in utilizing the Termez facilities for future humanitarian and development projects in Afghanistan, particularly in the fields of education, healthcare, agriculture, private sector development, and counter-narcotics efforts.
Both sides emphasized that such cooperation is aimed at improving the living conditions and overall well-being of the Afghan people.
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Former US officials urge halt to plan relocating Afghan refugees from Qatar to Congo
James Webb Telescope captures clearest-ever view of exoplanet’s surface
Ex-Pakistan envoy Durrani urges non-interference in Afghanistan’s internal affairs
New Afghanistan-China transport corridor launched via Turkmenistan
Bayat Power extends gas supply deal with Afghan Gas
Etihad Airways to expand Kabul–Abu Dhabi flights to daily service amid surging demand
Afghanistan’s new cricket head coach Richard Pybus arrives in Kabul
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Germany to launch online visa system for Afghan study and work applicants in Pakistan
Tawsia: Discussion on Afghanistan’s economic path and position
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Saar: Ongoing criticism of Pakistan’s Afghanistan policy discussed
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