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WORLD

US to decide on Afghan bank reserves on basis of future govt's conduct 

13/10/2021 11:10 AM

WASHINGTON, Oct 13 -- The United States will make a decision regarding Afghanistan’s financial reserves on the basis of the future government's conduct, US State Department spokesperson Ned Price said on Tuesday.

"When it comes to central bank reserves,… we will judge and interact with any future Afghan government on the basis of its conduct and its conduct in… key areas," Sputnik quoted Price as saying during a press briefing.

The Biden administration has decided to freeze billions of dollars of Afghanistan government reserves held in the US financial institutions to halt the Taliban from accessing these funds.

After the Taliban entered Kabul in mid-August, leading to the collapse of the US-backed Afghan government, the World Bank and the International Monetary Fund suspended financial aid to the new Afghan government. Their support accounted for nearly 75 per cent of Afghanistan's public expenditure. The United States has also frozen billions of dollars in assets belonging to the Afghan Central Bank.

-- BERNAMA

 


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