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Trust responsible for seized Afghan money meets in Geneva

· 2 min read · 432 views

KABUL (Pajhwok): The board of a Switzerland-based trust fund, which is in charge of disbursing billions of dollars of assets belonging to Afghanistan, has met for the first time in Geneva.

In a meeting held on Monday, the trustees considered various proposals on how to transfer $3.5 billion, which were frozen when the Taliban drove out the US-backed government from Kabul last year.

The money is part of around $7 billion in foreign currency assets belonging to Afghanistan’s central bank that is held at the US Federal Reserve.

“This fund is for the Afghans. It will . . .

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