Foreign ministers who attended the latest meeting of the Organisation of Islamic Cooperation (OIC) agreed to establish a humanitarian trust fund to address the growing economic crisis in Afghanistan following the Taliban administration’s takeover after the United States’ withdrawal.
The fund will be set up under the Islamic Development Bank to channel aid to Afghanistan in coordination with other groups, Pakistan’s Foreign Minister Shah Mahmood Qureshi told a news conference.
A final statement from the meeting said that allowing Afghanistan access to its financial resources would be pivotal to preventing economic collapse and said realistic pathways to unfreezing billions of dollars in central bank reserves should be explored.
Qureshi said the deepening crisis could bring mass hunger, a flood of refugees and a rise in terrorism.
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