OIC nations pledge fund to prevent economic collapse in Afghanistan Business and Economic News
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The Organization of Islamic Cooperation (OIC) has pledged to set up a humanitarian trust fund for Afghanistan. millions suffer from hunger and poverty.
The crisis is sounding the alarm with the help of billions of dollars goods frozen the international community after the Taliban took over the country in August this year.
“If action is not taken immediately, Afghanistan will be in chaos,” said Pakistani Prime Minister Imran Khan, who is holding a summit at a meeting of OIC foreign ministers.
“When any government fails to pay the salaries of its civil servants, hospitals, doctors, nurses, any government will fall, but chaos does not suit anyone, it certainly does not suit the United States.”
1️⃣: @OIC_OCI Establishment of the Foundation’s Humanitarian Trust @isdb_group, to serve as a vehicle for humanitarian aid #Afghanistan among others, in collaboration with other international actors. pic.twitter.com/Ckw5EUGnYq
– Spokesperson ???????? MoFA (@ForeignOfficePk) December 19, 2021
An OIC resolution issued after the meeting said that the Islamic Development Bank would direct its efforts to release aid in the first quarter of 2022.
He also called on the Afghan authorities to “comply with their obligations under international human rights treaties, especially on the rights of women, children, youth, the elderly and people with special needs.”
The OIC meeting did not give formal recognition to the new Taliban government, and Afghan Foreign Minister Amir Khan Muttaqi was left out of an official photo taken during the ceremony.
Muttaqi said his government “has the right to be officially recognized.”
“The current Afghan government is cooperating with all foreign institutions,” he told reporters, adding that sanctions “should be lifted.”
Speaking to delegates, he said the freezing of US assets “is a clear violation of the human rights of Afghans and can be interpreted as an enemy of an entire nation.”
Free economic collapse
While some countries and institutions have begun to provide support, the near collapse of the country’s banking system has made the job more difficult.
Martin Griffiths, the United Nations Secretary-General for Human Rights, was also present at the OIC meeting and warned. The economy of Afghanistan He was “now free to fall.”
“If we do not act with determination and compassion, I am afraid that this autumn will pull the whole population with it,” he said in a statement.
I am pleased with the support given to the people of Afghanistan and the unanimous feelings expressed today by the members of the OIC.
My notes: https://t.co/dYuLLxqGbi
– Martin Griffiths (@UNReliefChief) December 19, 2021
“Twenty-three million people are already starving; health facilities are overcrowded with malnourished children; About 70 percent of teachers are unpaid, and for millions of children, the future of Afghanistan is out of school. ”
Pakistani Foreign Minister Shah Mahmood Qureshi said it was essential to unblock financial and banking channels “because the economy cannot function and people cannot be helped without a banking system”.
Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al Saud, on the left, speaks with representatives at the opening of a special meeting of the 57-member OIC in Islamabad. [Farooq Naeem/AFP]Beyond immediate aid, Afghanistan needs help to ensure longer-term economic stability.
There will be a lot of thawing of billions of dollars in Washington’s central bank reserves and the removal of sanctions that have caused many institutions and governments to move away from direct dealings with the Taliban.
Muttaqi reiterated that the Taliban will not allow Afghanistan to be used as a base for attacks on other countries and said they will not retaliate against regular government officials.
However, the Taliban has been heavily criticized for excluding women and girls from work and education and for excluding large sections of Afghan society from the government.
They have also been accused of violating human rights and, despite the promise of amnesty, assaulting former administration officials.
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