UN unveils fund for ‘people’s economy’ in Afghanistan
The Hindu
Germany pledges $58 mn for direct cash transfer to Afghans
The United Nations said on Thursday it had set up a special trust fund to provide urgently-needed cash directly to Afghans through a system tapping into donor funds frozen since the Taliban takeover last August.
With the local economy “imploding”, the aim is to inject liquidity into Afghan households to permit them to survive this winter and remain in their homeland despite turmoil, it said.
Achim Steiner, the UN Development Programme’s (UNDP) administrator said that Germany, a first contributor, had pledged €50 million ($58 million) to the fund, and that it was in touch with other donors to mobilise resources.
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