Money Matter Blog
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Money Matter Blog
No Result
View All Result
Home Latest News

New GOP-backed bill would ban aid to Afghanistan to avoid giving US dollars to the Taliban

by
September 23, 2024
in Latest News
0
New GOP-backed bill would ban aid to Afghanistan to avoid giving US dollars to the Taliban

A group of Republican lawmakers is introducing a new bill that would cease all aid dollars to Afghanistan over concerns of interception by the Taliban.

‘The Biden-Harris administration’s disastrous withdrawal has plunged the country back under Taliban rule, and now it turns out that our taxpayer dollars are being used to the benefit of the Taliban,’ Rep. Josh Brecheen, R-Okla., sponsor of the legislation, told Fox News Digital. 

‘This legislation is needed so we can ensure that no more of our tax dollars are being irresponsibly used in Taliban-controlled Afghanistan.’

The House bill is co-sponsored by Republican Reps. Tim Burchett of Tennessee, Ralph Norman of South Carolina, Nick Langworthy of New York, Barry Moore of Alabama, Erlic Burlison of Missouri, Matt Rosendale of Montana and Randy Feenstra of Iowa. 

The U.S. is the largest donor to Afghanistan. It spent a total of $21 billion on the nation and Afghan refugees who have been evacuated since the withdrawal. However, critics say much of that aid ends up in lining the pockets of the Taliban, who they say have taken control of nongovernmental organizations (NGOs) in the country.

The United Nations (U.N.), meanwhile, has flown in some $2.9 billion in U.S. currency cash to Afghanistan since the Taliban seized control, the bulk of that being from funds allocated by the U.S., and at least some of which ends up in the Taliban-controlled central bank, according to the SIGAR report from July. 

The Taliban ‘taxes’ this cash at multiple points of distribution. 

The bill would prohibit federal agencies from giving any direct cash assistance to Afghanistan and prohibit any taxpayer dollars from going to the U.N. for the purpose of assisting Afghanistan. It also prohibits Federal Reserve Banks from selling U.S. currency to the U.N. for the purpose of direct cash assistance to Afghanistan. 

In a briefing to the U.N. Security Council on March 6, Roza Otunbayeva, the U.N.’s special representative for Afghanistan, did not mention the money going to Da Afghanistan central bank but said it was necessary to get medical care and food for Afghans. 

The shipments have ‘injected liquidity to the local economy that has in large part allowed the private sector to continue to function and averted a fiscal crisis,’ Otunbayeva told the council. 

In a letter provided in response to the SIGAR report, the State Department said the U.N. was in charge of managing the cash transfer program. 

‘We remain committed to providing critical, life-saving humanitarian assistance to the Afghan people. We will continue to monitor assistance programs and seek to mitigate the risk that U.S. assistance could indirectly benefit the Taliban or could be diverted to unintended recipients,’ the letter said.

For 20 years prior to the Taliban takeover, Afghanistan received some $8 billion in foreign assistance per year, representing 40% of its gross domestic product and financing three quarters of the government’s public expenditures. When the U.S. and other foreign entities stopped supplying aid, the country fell into an economic crisis – and aid dollars began flowing once again. 

In June, the House passed a bill that would force the State Department to investigate which countries give aid to the Taliban – and also get U.S. assistance themselves. 

It would also force the secretary of state to weigh if those countries should keep getting U.S. dollars and develop a strategy to discourage them from continuing aid to the Taliban. However, that bill did not cease all aid to Afghanistan. 

This post appeared first on FOX NEWS
Tags: Featured
Previous Post

What Are Prop Firms, And How Does Prop Trading Work?

Next Post

Trump’s ground game shrinks voter registration gap in key battlegrounds

Next Post
Trump’s ground game shrinks voter registration gap in key battlegrounds

Trump’s ground game shrinks voter registration gap in key battlegrounds

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    Israel’s Netanyahu delays Gaza cease-fire deal, accusing Hamas of trying to back out

    Israel’s Netanyahu delays Gaza cease-fire deal, accusing Hamas of trying to back out

    January 16, 2025
    Trump foreign policy: 6 issues he got right and the experts were wrong

    Trump foreign policy: 6 issues he got right and the experts were wrong

    January 16, 2025
    CLAY TRAVIS: How Trump is already narrowing America’s racial divide

    CLAY TRAVIS: How Trump is already narrowing America’s racial divide

    January 16, 2025

    About Money Matter Blog

    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Latest News

    • Israel’s Netanyahu delays Gaza cease-fire deal, accusing Hamas of trying to back out
    • Trump foreign policy: 6 issues he got right and the experts were wrong
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Copyright © 2025 moneymatterblog.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 moneymatterblog.com | All Rights Reserved