Biden Administration strives to ensure financial institutions and other businesses that are sanctioned A.S. Against the Taliban is not intended to disrupt trade that can help Afghanistan emerge from the economic and humanitarian crisis.
Senior administrative officials told reporters on Friday that the Ministry of Finance plans to issue what is called a general license that will expand authorization for commercial and financial transactions in Afghanistan in hopes of helping Afghans but not the Taliban.
Officials, talked to reporters with anonymous requirements to discuss the license ahead of his release, said the action was intended to restart several commercial activities closed after the fall of the government supported by the Taliban in August.
This is the latest in a series of actions by administration aimed at reducing the worsening humanitarian crisis in Afghanistan, where assistance groups estimate that nearly 24 million people, more than half a country, face severe hunger and almost 9 million are on the verge of starving.
Conditions in Afghanistan are very gloomy for many people even before the takeover of the Taliban, with ran ran and poverty that is entrenched. But the situation has grown more terrible because the government relies on foreign aid for 75 percent of its budget.
Administrative officials acknowledge that treasury licenses will only have a limited effect on businesses that are reluctant to do business in Afghanistan regardless of sanctions.
Biden administration earlier this year announced more than USD 300 million in humanitarian aid and worked with the World Bank and other organizations to provide additional assistance from money previously set aside for development.
Treasury also issues a general license to clarify that humanitarian assistance will not run sanctions.
It also set aside USD 3.5 billion Afghan government funds frozen in the US after the Taliban takeover to assist the country’s economy in a way that the officials have not been determined. One option is to use money to reorganize the country’s central bank if it can be run independently of the Taliban.
The remainder of the frozen fund was held delayed law’s claim from the relatives of the dead on September 11, 2001, an attack that had won the demands of Taliban’s demands.
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