The Afghan Fund may remain blocked for years. “Yet the initiative offers at the least the possibility that Afghans themselves will play a leading role in deciding what to do next,” Steve Coll writes.
knew of his presence. The family network’s most powerful figure, Sirajuddin Haqqani, is the acting interior minister.
The fund’s creation is “a very positive first step,” Mehrabi told me. D.A.B. “was the envy of our neighbors” during much of the life of the Islamic Republic, the-backed government that collapsed in August, 2021. During the past year, Afghanistan “has suffered a brain drain,” he added. “We need to rebuild.”
At the World Bank, Byrd was involved in the early development of the Afghanistan Reconstruction Trust Fund, a mechanism that regulated large flows of international-donor funds to the fledgling government led by. That fund’s relative success, Byrd argued, came from “simple management arrangements with clear responsibilities, along with sound financial engineering, governance, and accountability.” As the new Afghan Fund operates, “the last thing you would want is for the U.S.
In the end, Washington’s veto, like the imposition of economic sanctions, is best understood as power politics. And the ineluctable fact that nations battle hard over resources such as multibillion-dollar piles of cash is one reason that clever technocratic designs like the Afghan Fund have failed in the past.
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