President Biden is expected to issue an executive order to move some $7 billion of the Afghan central bank’s assets frozen in the U.S. banking system to fund humanitarian relief in Afghanistan and compensate victims of the Sept. 11, 2001, attacks.
has been in a tailspin since the Taliban takeover. Nearly 80% of Afghanistan’s previous government’s budget came from the international community. That money, now cut off, financed hospitals, schools, factories and government ministries. Desperation for such basic necessities has been further exacerbated byThe lack of funding has led to increased poverty, and aid groups have warned of a looming humanitarian catastrophe.
The Justice Department had signaled several months ago that the Biden administration was poised to intervene in a federal lawsuit filed by 9/11 victims and families of victims in New York City by filing what's known as a “statement of interest.
Under the previous U.S.-backed government, 80% of Afghanistan’s economy was financed by international money. That evaporated when President Ashraf Ghani fled Kabul on Aug. 15 and the government disappeared, leaving the door open for the Taliban to walk in., its largest ever appeal for one country, predicting nearly 90% of the country’s 38 million people were surviving below the poverty level of $1.90 a day. The U.N. also warned that upward of 1 million children risked starvation.
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