Afghanistan’s foreign reserves, placed in a Swiss trust fund, have generated approximately $155 million in profit, according to the Afghan Trust Fund board members in Switzerland.
The funds, transferred in September 2022, have accrued this profit over 16 months.
Shah Mohammad Mehrabi, a board member of the Afghan Trust Fund, stated the $3.5 billion in Afghan assets deposited in the fund have yielded significant returns.
The Afghan Trust Fund, established in September 2022, aims to preserve Afghanistan’s financial assets.
Since its inception, the $3.5 billion deposit has seen a $155 million profit, although decisions on fund utilization remain pending.
Afghanistan’s economic landscape and banking stability suffered notably following the Taliban’s rise to power, affecting millions. The United Nations Office for the Coordination of Humanitarian Affairs reported an increase in the need for humanitarian assistance from 6.3 million people in 2019 to 28.3 million in 2023.
Mehrabi emphasized that the trust fund is not intended for humanitarian purposes but rather for specific economic projects.
The fund generated about $70 million in profit within its first five months.
