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US explains purpose of new $3.5 billion Afghan Fund

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(Last Updated On: September 15, 2022)

The US State Department has officially announced the establishment of the international financing mechanism which will see $3.5 billion worth of Afghanistan’s frozen assets being used for the benefit of the people.

In a press briefing on Wednesday night, State Department spokesman Ned Price said: “Today, the Department of State and the Department of the Treasury, in coordination with international partners including the Government of Switzerland and Afghan economic experts, announced the establishment of a fund to benefit the people of Afghanistan.”

Price stated the US would like to thank the Swiss Government for its partnership to ensure this effort would be possible.

“This fund will protect and preserve the Afghan central bank reserves, while making targeted disbursements to help stabilize Afghanistan’s economy and, ultimately, support its people and work to alleviate the worst effects of the humanitarian crisis,” he said.

He stated the Islamic Emirate of Afghanistan (IEA) is “not a part of this financing mechanism and resources disbursed will be for the benefit of the Afghan people, with clear safeguards and auditing in place to protect against diversion or misuse.”

“And the US has made clear to the Taliban (IEA) that the onus is on them to make key reforms which we have outlined repeatedly,” he added.

Elaborating on when the funds will be disbursed, he said it “will take a little bit of time. We’re, of course, working as quickly as we can to do that.”

He stated however that the Afghan Fund is “explicitly not intended to make humanitarian disbursements. The Afghan Fund itself is to facilitate macroeconomic stability inside Afghanistan.”

Price said this meant the US will remain the largest humanitarian donor for the Afghan people.

“This is not what that fund is for. This fund is to provide macroeconomic stability in Afghanistan that will enhance the effectiveness of humanitarian assistance from the United States and other donors.”

On the remaining $3.5 billion of Afghanistan’s $7 billion frozen by the US, Price said this money “remains subject to litigation” and did not form part of the new fund.

The new fund does however have a vetted list of sources for disbursement, he said adding that possible scenarios could include using the fund to pay for electricity for example.

Price said “that is something that could – we could envision the fund doing. To pay arrears at international financial institutions, the types of activities that are separate and apart from the day-to-day welfare that our humanitarian assistance and the humanitarian assistance of the international community is designed for.”

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UN envoy meets Indian foreign minister to discuss Afghanistan

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(Last Updated On: April 19, 2024)

Roza Otunbayeva, the UN Secretary General’s Special Representative for Afghanistan, met with the Indian Foreign Minister Subrahmanyam Jaishankar in New Delhi and discussed issues related to Afghanistan, it was announced on Thursday.

During the meeting, Otunbayeva thanked India for “its critical humanitarian support and longstanding friendship for the Afghan people” and discussed the importance of regional and international cooperation to address prevailing challenges in Afghanistan, UNAMA said on X.

Jaishankar also said on X that the sides exchanged views on the current situation in Afghanistan.

“Underlined that India has provided wheat, medicines, pesticides and school supplies. Appreciate the role of UN agencies as partners in these endeavors,” he said.

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Traffic accident leaves one dead, four injured in Herat

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(Last Updated On: April 19, 2024)

Local officials in Herat say one person was killed and four others injured due to a traffic accident in Karukh district of the province.

The accident took place on Thursday night at 8:pm.

The injured individuals have been taken to Herat’s regional hospital by the personnel of Karukh district police headquarters, local officials said.

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250,000 Afghan children need homes, food, education after returning from Pakistan

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(Last Updated On: April 19, 2024)

In the wake of an announcement by Pakistan that it intends to start Phase Two of deportations of Afghans, Save the Children said Thursday that almost a quarter of a million Afghan children need proper homes, food, and access to education after returning from Pakistan in the past seven months.

In a statement issued by the organization, Save the Children said more than 520,000 Afghans have returned from Pakistan since September last year, after Pakistan said all undocumented foreigners must leave the country voluntarily or face deportation.

Nearly half of all the returnees are children.

A survey by Save the Children of families who have returned to Afghanistan – and the communities who are hosting them – found that nearly all (99%) do not have enough food for the next one to two months.

About three-quarters of returnees and families in host communities reduced portion sizes or restricted the food consumption of adults so small children could eat.

About 40% of returnees and host families surveyed had to borrow food or rely on friends and relatives for at least three days a week – with 13% of returnees and 9% of host families saying they had to get food from others every day.

Almost 8 million children in Afghanistan – or one in three – are facing crisis levels of hunger.

Nearly one in six families live in tents, according to the survey, with most returnees having little or no means to support themselves.

Only a third had managed to bring assets back with them from Pakistan.

Nearly half (47%) said there were no jobs available in Afghanistan, with 81% saying that they do not have any skills that could lead to employment.

Almost two thirds (65%) of children who have returned to Afghanistan have not been enrolled in school. The majority (85%) told Save the Children that they don’t have the necessary documents to register and enroll in school.

In Pakistan, more than two thirds of these children had been attending school.

Arshad Malik, Country Director for Save the Children in Afghanistan, said: “Families are returning to Afghanistan with virtually nothing. Most are relying on relatives or friends to support them – and these communities already have little to support themselves.

“The return of so many people is creating an additional strain on already overstretched resources. Children need support and stability. Many undocumented Afghan children were born in Pakistan – Afghanistan is not the place they call home,” he said.

He added that in addition to the returns from Pakistan, 600,000 Afghans arrived from Iran last year. Also, “families have been forced from their homes by multiple disasters, including the series of earthquakes in Herat and the ongoing drought. Afghanistan is also now home to the second largest number of internally displaced people in the world – or roughly 1 in 7 people,” Malik said.

According to him, Afghanistan not only needs urgent funding from international donors and governments – but also needs long term, community-based solutions to help all displaced Afghans rebuild their lives.

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