RASC News Agency: The board of directors of the Afghanistan Trust Fund in Switzerland has recently announced that a significant portion of the blocked capital of Afghanistan, which was transferred to the trust fund in September 2022, has now reached an impressive amount of nearly $155 million. This information was reported by TOLOnews on Friday, January 5th, with Shah Mohammad Mehrabi, a member of the board, providing the details. It is worth noting that over a period of 16 months, the $3.5 billion worth of Afghanistan’s assets in this trust fund have generated the aforementioned $155 million.
The establishment of the trust fund was aimed at safeguarding Afghanistan’s assets, and since its inception, a considerable amount of time has passed. During this time, a portion of Afghanistan’s assets, totaling $3.5 billion, has been transferred to the fund. The fund has generated a profit of $155 million, although there is still no consensus on how this amount will be allocated or utilized.
Despite the challenging circumstances faced by Afghanistan’s economic and banking systems following the Taliban’s takeover, the Afghanistan Trust Fund in Switzerland was not created for philanthropic purposes. Instead, it is intended to be utilized in a unique manner for economic projects.
However, it is important to acknowledge that the country is currently grappling with a dire humanitarian situation, with thousands of individuals in need of urgent assistance under the control of the Taliban. The economic and humanitarian crises have forced many Afghanistani citizens to seek refuge in neighboring countries, exacerbating an already difficult situation for them.
