Multibillion-Dollar Afghan Fund at Risk of Being Stolen by Taliban, Watchdog Warns
12th January 2024
More than a year since its creation, a U.S.-backed fund to support the Afghan people has not made a single disbursement and lacks safeguards to prevent the $3.5 billion investment from being stolen by the Taliban government, according to a government watchdog.
The Afghan Fund was created more than a year ago by a Biden administration order that allowed more than $3.5 billion in funds previously held by Afghanistan’s central bank to be moved into a charitable account tasked with aiding the war-torn country’s ailing population.
Since that time, “the Fund has made no disbursements for activities intended to benefit the Afghan people” and currently has no “specific controls in place to ensure funds are not diverted to or misused by the Taliban,” according to a report published earlier this week by the Special Inspector General for Afghanistan Reconstruction (SIGAR), which monitors American aid to the country.