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U.S. to move $3.5 bln in Afghan central bank assets to Swiss-based trust

Summary by Ground News

The Taliban-run Afghan government has sought the return of billions of dollars in assets held in U.S. banks. The funds could go toward items such as electricity imports, debt payments to international financial institutions and ensuring Afghanistan remains eligible for development aid. A board of trustees will manage the Afghan Fund.

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The Wire

US to Move $3.5 Billion in Afghan Central Bank Assets to Swiss-Based Trust

The aim behind such a move is to "shield" the money from the Taliban and help pay for the stabilisation of Afghanistan's collapsed economy.

2 years ago·New Delhi, India

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PressTV

US sets up Swiss Fund for frozen Afghan assets, Taliban reject plan

The United States says it is setting up a Geneva-based fund to manage billions of dollars in frozen Afghan reserves, but the interim Taliban government in Kabul wants the reserves directly transferred to the Afghan central bank.

2 years ago·Tehran, Iran, Islamic Republic of

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Geo News

US to move $3.5 billion in Afghan central bank assets to Swiss-based trust

The Afghan Fund will protect, preserve and make targeted disbursements of that $3.5 billion to help provide greater stability to the Afghan economy, the US Treasury said in a statement

2 years ago

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The Hill

US seeks to redirect Afghanistan assets, avoid Taliban | The HillOpen NavigationClose NavigationSearchFacebookTwitterFacebookTwitterTwitterFacebookLinkedInWhatsappEmailFacebookTwitterTwitterFacebookLinkedInWhatsappEmail Visit our Facebook page

The Treasury Department on Wednesday announced a plan to direct $3.5 billion to a Switzerland bank that will provide economic assistance to Afghanistan while keeping the funds out of Taliban hands.…

2 years ago·Washington, United States

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Rappler

US to move $3.5 billion in Afghan central bank assets to Swiss-based trust

The Afghan Fund, managed by a board of trustees, could pay for critical imports like electricity, cover debt payments to international financial institutions, and fund the printing of new currency

2 years ago·Philippines

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