The US is moving $3.5 billion to the new "Afghan Fund," but officials said they won't release the money imminently to an institution in Afghanistan because there is no trusted institution to guarantee the funds will benefit the Afghan people, the officials said.
Instead, it will be administered by an outside body, independent of the Taliban and the country's central bank.
The US has been clear in telling the central bank -- known as the Da Afghanistan Bank (DAB) -- what steps it would need to take if they were to transfer the full funds to them directly and reiterated those steps in a letter this week from the United States deputy secretary of the Treasury, which CNN reviewed. The letter cites the need for the DAB to demonstrate independence from Taliban influence and interference, among other expectations.
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