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 Welt Bank Auszahlung von Afghanistan Funds infographic
Grafik zeigt öffentliche Ausgaben in Afghanistan und wie die Welt Bank Unterstützung funktionieren sollte.
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WIRTSCHAFT

Welt Bank will afghanische Gelder freigeben

By Duncan Mil

November 30, 2021 - Die Welt Bank plant die Übergaben von bis zu $500 Millionen aus einem eingefrorenen afghanischen Wiederaufbau-Fonds an humanitäre Institutionen, denn Millionen Afghanen leiden unter Lebensmittelknappheit und steigender Armut.

Board members are meeting on Tuesday (November 30) to discuss the proposal to redirect the Afghanistan Reconstruction Trust Fund (ARTF), which has a total of $1.5 billion, Reuters report.

The funds will address urgent health care needs in Afghanistan and alleviate acute food shortages faced by Afghanistan’s 39 million people this winter.

Since the Taliban seized power in August, the U.S. Federal Reserve has “frozen” all of Afghanistan’s foreign exchange reserves in its hands, amounting to some $7 billion.

The International Monetary Fund (IMF) has similarly frozen the Afghan government’s access to IMF resources -- so-called Special Drawing Rights, or SDRs. The SDRs include Afghanistan’s $450 million entitlement from the global IMF quota increase in response to COVID, which countries are supposed to have access to automatically.

If the plan is approved, the ARTF will transfer U.S. dollars to international accounts of Afghan private institutions, which will disburse Afghanis from their Afghan bank accounts to humanitarian groups, bypassing the Taliban.

UNICEF and other agencies will use the ARTF funds for urgent Covid-19 vaccines and humanitarian food aid.

Sources
PUBLISHED: 30/11/2021; STORY: Graphic News; PICTURES: Getty Images
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