The Latest Breaking News from Afghan Fund

US sets up Afghan relief fund with frozen central bank money

The U.S. and Swiss governments and Afghan economics experts say they'll transfer $3.5 billion in frozen funds from Afghanistan’s central bank to use for the country’s people as hunger grips every province there

The Independent UK · Sep 14, 2022

US to move $3.5bn in Afghan assets to Swiss-based trust

Housed in the Bank for International Settlements, new Afghan Fund will be managed by a board of trustees, the US says

Al Jazeera · Sep 14, 2022

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

The United States on Wednesday announced that it would transfer $3.5 billion in Afghan central bank assets into a new Swiss-based trust fund that will be shielded from the Taliban and used to help stabilize Afghanistan's collapsed economy.

Reuters · Sep 14, 2022