Cosmic Yak
Philosopher
Think of it as a savings account. The funds are there and perhaps are earning a small amount of interest income until they are needed. The former government was relying on them being available so they could do things like buy food, oil, electricity, and pay the civil service. Then the Taliban came to power and the funds were frozen. Now the new government can't buy food, oil, electricity, nor can they pay the civil service because they no longer have access to the money.
Here's one: Afghanistan’s frozen funds: leverage over the Taliban or the cause of an economic crisis? [princeton.edu]
Thanks for a considered and non-patronising post: it is appreciated.
However, looking at your link, it says this:
Even if agencies and NGOs have a budget to do particular projects, they can’t get the money out of the banks, so they can’t pay their staff...
It is unclear when and how the international community will release funds and resume financing for development projects,
As I have pointed out before, the frozen funds are aid donations. I don't see, therefore, that they would be used for paying the civil service, or the other things you mentioned. It seems, from my source and yours, that this money was to be used for development projects, rather than the day-to-day running of the government. Again, happy to be corrected on this if I have misunderstood.
I really feel for the larger population of Afghanistan, especially those living in the cities who can't farm their own food. They had no say in whether or not they wanted the Taliban in power; the group simply roared into the country and took over the former government by force. Yes, said former government was incredibly corrupt and largely ineffective, but at least it had the backing of the international community, which meant some semblance of a stable economy.
Agreed, but the original post I was responding to on this was from Suburban Turkey, which stated an opposition to food aid. This is what I was highlighting, and what I was disagreeing with. I think it obvious that Afghanistan needs aid, and I find the assertion that it is a bad thing less than credible, and somewhat heartless.
I'm very saddened to see large numbers of people suddenly displaced and driven into poverty because a group of fanatics with a very narrow worldview took over. That's true not only of Afghanistan, but of all people forced to live under governments who have little care for the people of the counties they're supposed to be running.
Again, I agree with this. The problem is that releasing these funds to the Taliban carries no guarantee that they will actually be used for the benefit of ordinary Afghans. If a way could be found to bypass them, I would be all for it, but that's a tricky proposition. Thus far, the Taliban have shown scant concern for the welfare of other Afghans, particularly those of differing ethnicities from their own. The Hazaras, for example, have suffered horribly at the hands of the largely Pathan Taliban.