After concluding it cannot trust the Taliban leadership with the country’s money, the United States said on Wednesday that it was establishing an external, professionally operated fund to manage Afghanistan’s $3.5 billion in reserves.
Multiple officials said that core central bank functions, such as paying Afghanistan’s foreign arrears and its electricity imports, will be handed over to the Geneva-based new Afghan Fund, but humanitarian relief and government salaries will not be among them, according to multiple officials.
