President Joe Biden is expected to move some $7 billion of the Afghan central bank’s assets frozen in the American funding system to fund humanitarian relief in Afghanistan and compensate victims of the Sept. 11, 2001, attacks.
have filed claims against the Taliban will also have to take action for the victims to be compensated.The New York Times first reported on the coming order.The Taliban have called on the international community to release funds and help stave off a humanitarian disaster.
Afghanistan has more than $9 billion in reserves, including just over $7 billion in reserves held in the United States. The rest is largely in Germany, the United Arab Emirates, Switzerland and Qatar.As of January the Taliban had managed to pay salaries of its ministries but was struggling to keep employees at work. They have promised to open schools for girls after the Afghan new year at the end of March, but humanitarian organizations are saying money is needed to pay teachers.
Universities for women have reopened in several provinces with the Taliban saying the staggered opening will be completed by the end of February when all universities for women and men will open, a major concession to international demands.
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Biden to split frozen Afghan funds for 9/11 victims, reliefPresident Joe Biden is expected to issue an executive order on Friday to move $7 billion of the Afghan central bank’s assets frozen in the U.S. banking system to fund humanitarian relief in Afghanistan and compensate victims of the Sept. 11, 2001, attacks, according to a U.S. official familiar with the decision. International funding to Afghanistan was suspended and billions of dollars of the country’s assets abroad, mostly in the United States, were frozen after the Taliban took control of the country in August. The country’s long-troubled economy has been in a tailspin since the Taliban takeover.
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Biden to split frozen Afghan funds for 9/11 victims, humanitarian reliefInternational funding to Afghanistan was suspended and billions of dollars of the country’s assets abroad were frozen after the Taliban took control of the country in mid-August.
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