The United States will return around USD 100 million which was sanctioned for an Afghan energy project to the Treasury and withhold another USD 60 million in aid after concluding that Kabul is mismanaging resources, as per the US Secretary of State Michael Pompeo.
"Due to identified Afghan Government corruption and financial mismanagement, the US Government is returning approximately $100 million to the US Treasury that was intended for a large energy infrastructure project," Pompeo said on Thursday, Sputnik reported.
Pompeo also expressed great concern over a "lack of transparency" in the Afghan National Procurement Authority's decisions, and said the US would withhold USD 60 million in planned assistance over its "failure to meet benchmarks for transparency and accountability".
The United States will also cease all funding for the Afghan government's Monitoring and Evaluation Committee by the end of the year after determining that it is "incapable of being a partner in the international effort to build a better future for the Afghan people," Pompeo said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
