At the core of the U.S.-led effort is a plan to transfer billions in foreign-held Afghan central bank assets into a proposed Swiss-based trust fund.
A man rides a bike in front of the Bank of Afghanistan in Kabul, Afghanistan October 8, 2021. REUTERS/Jorge Silva/File PhotoWASHINGTON, Aug 22 - U.S. President Joe Biden's administration will press ahead with talks on releasing billions of dollars in Afghanistan's foreign-held assets despite late al Qaeda leader Ayman al-Zawahiri's presence in Kabul and foot-dragging by the Taliban and Afghan central bank, according to three sources with knowledge of the situation.
The Taliban and Afghan central bank – known by the initials DAB - are not acting swiftly, a U.S. official said, according to one source. "The Taliban sit on their hands and it's infuriating."A knowledgeable U.S. source who requested anonymity confirmed the briefing's substance. Washington also stopped flying in hard currency, effectively paralyzing Afghanistan's banking system, and froze $7 billion in Afghan assets in the U.S. Federal Reserve Bank of New York. In February, Biden ordered half the sum set aside "for the benefit of the Afghan people."Initially, the $3.
But after Zawahiri was killed, the State Department excluded recapitalizing DAB as "a near-term option," saying that by harboring the al Qaeda leader in breach of the 2020 U.S. troop pullout deal, the Taliban had fueled concerns "regarding diversion of funds to terrorist groups."Two sources quoted the U.S. officials as telling the briefing that proceeding with the talks has become more difficult because of Taliban resistance to several internationally backed demands.
The officials, the sources said, presented examples of what they described as Taliban and DAB intransigence.
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