US sets up fund to distribute frozen billions to Afghanistan
CNN
The Biden administration has worked with Switzerland and Afghan economists to set up a new fund to put billions of dollars in frozen Afghan money to use to promote economic stability in the country, according to two senior US officials.
The US is moving $3.5 billion to the new "Afghan Fund," but officials said they won't release the money imminently to an institution in Afghanistan because there is no trusted institution to guarantee the funds will benefit the Afghan people, the officials said.
Instead, it will be administered by an outside body, independent of the Taliban and the country's central bank.
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