KABUL (Pajhwok): In an expected development, the US and Swiss governments say $3.5 billion of frozen Afghan central bank’s assets will be used for the benefit of poverty-stricken Afghan people.
The current Afghan administration would have no access to the newly-established Afghan Fund, the Associated Press reported on Wednesday.
In a joint statement, the US Treasury and State Departments said Da Afghanistan Bank (DAB) must demonstrate its capacity and independence to responsibly perform the duties of a central bank.
"Robust safeguards have been put in place to prevent the funds from being used for illicit activity . . .
