Islamic states’ meeting agrees to set up trust fund for Afghanistan

What is the news?

A meeting of foreign ministers from the Organisation of Islamic Cooperation (OIC) has agreed to establish a Humanitarian Trust Fund for Afghanistan.

What is the Humanitarian Trust Fund for Afghanistan?

The fund will be set up under the Islamic Development Bank (The Islamic Development Bank is a multilateral development finance institution that is focused on Islamic finance) to channel aid to Afghanistan in coordination with other groups.

Aim: To address the growing economic crisis in Afghanistan, which has left millions facing hunger over the winter.

Significance: This fund is crucial, as allowing Afghanistan access to financial resources would be pivotal to preventing economic collapse.

What are the other decisions taken by OIC?

OIC has decided to appoint a special envoy of the body to Afghanistan, besides forging a partnership between the OIC and the United Nations agencies to deliver resources to Afghanistan.

However, the meeting did not provide official recognition to the Taliban government.

Source:This post is based on the article ‘Islamic states’ meeting agrees to set up trust fund for Afghanistan’ published in Indian Express on 22^nd Dec 2021.