8am: Following the United States announcement of transferring $3.6 billion of Afghanistan’s central bank reserves to a trust fund in Switzerland, the establishment of this fund has sparked varied reactions. Certain political factions and economic experts argue that the fund lacks a legal framework, potentially enabling Taliban access to these assets. They point out that a member of the central bank’s high council, under Taliban control, who also serves on this trust fund, raises doubts about its transparency and independence. The trust fund charter allows its members unrestricted control over currency reserves, raising concerns about the potential misuse of Afghanistan’s assets. Recently, the Swiss Federal Council disclosed signing an agreement with the trust fund concerning its privileges and immunities, thereby facilitating enhanced cooperation and positioning for the trust fund. Some economic experts and political factions express serious concerns regarding the trustees’ handling of the fund, fearing it will only serve to enrich the Taliban. Click here to read more (external link).