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world news Diaranson 13 october 2021

G20 pledges money, demands humanitarian access to Afghans

(AP) — The European he said. “Women’s rights,
Union pledged 1 billion so far as far as we can see, it
euros ($1.15 billion) in seems like they’re going back
support for the Afghan 20 years.”
people, and the Group of
20 countries vowed to ac- G-20 leaders — Russian
celerate aid Tuesday amid President Vladimir Putin and
concerns that an already Chinese leader Xi Jinping
precarious humanitar- were represented by minis-
ian and financial situation ters while U.S. President Joe
will grow catastrophic Biden addressed the summit
over the winter. — tasked the United Na-
tions with coordinating the
G-20 leaders demanded at humanitarian response and
a virtual summit hosted by asked international financial
Italy that the Taliban govern- institutions to ensure the
ment allow humanitarian ac- functioning of Afghanistan’s
cess across Afghanistan, keep financial system.
Kabul Airport and the coun-
try’s borders open and ensure The United Nations has
security for U.N., humani- warned that the Afghan
tarian and diplomatic staff. economy is on the verge of
They also repeated previous collapse. Afghanistan, which
demands that women’s rights before the Taliban takeover
be respected. was dependent on interna- euros ($346 million) that had U.S. “remains committed to ghanistan, warning that Eu-
tional aid that accounted been committed earlier. It working closely with the in- ropean nations would also
Italian Premier Mario Draghi for 75% of state spending, is will be targeted at the Afghan ternational community and be affected by a new wave of
said the meeting represented grappling with a liquidity cri- population only and neigh- using diplomatic, humani- migrants.
the first multilateral response sis as assets remain frozen in boring countries, which have tarian, and economic means
to the crisis sparked by the the U.S. and other countries, been the first to provide im- to address the situation in “It is inevitable that European
August withdrawal of U.S. and disbursements from in- mediate aid. Afghanistan and support the countries will also be affected
forces from Afghanistan and ternational organizations Afghan people.” by the migration pressure
the takeover of the country have been put on hold. The EU remains careful not that Turkey will be exposed
by the Taliban. to legitimize the Taliban in- Turkish President Recep to on its southern and eastern
“We all have nothing to gain if terim government. Tayyip Erdogan said in a borders,” he said.
Draghi told reporters that the entire monetary or finan- video address to the online
negotiations would be neces- cial system in Afghanistan is “But the Afghan people summit that the international Erdogan proposed the cre-
sary with the Taliban to get collapsing, because then hu- should not pay the price of community should keep the ation of a working group on
humanitarian aid distributed. manitarian aid can no longer the Taliban’s actions,” Euro- channels of dialogue with the Afghanistan within the G-20
But he said such contact by be provided either,” German pean Commission President Taliban open in order to “pa- and said Turkey was will-
no means constituted a po- Chancellor Angela Merkel Ursula von der Leyen said. tiently and gradually steer” it ing to head such a grouping.
litical recognition of the Tal- told reporters in Berlin after “This is why the Afghan sup- toward establishing a more Draghi said the proposal was
iban, who he said would be the summit. port package is for the Afghan inclusive administration. interesting — Italy has long
“judged for what their deeds people and the country´s complained it has been left
are, not their words.” During the meeting, the Eu- neighbors who have been the He repeated that Turkey, on its own to deal with Eu-
ropean Union announced first in providing them with which already hosts more rope’s migration problems —
“The government as we a support package worth 1 help.” than 3.6 million Syrians, but said the rest of the G-20
know, it’s not really inclusive, billion euros ($1.15 billion), can’t be burdened with an would have to agree.
it’s not really representative,” which includes 300 million The White House said the influx of migrants from Af-

EU’s first green bond issuance raises $13.8 billion

(AP) — The European augural green bonds Tues- ros ($13.8 billion) from a in Europe, but in the world.” tainable investments,” Hahn
Commission issued its in- day, raising 12 billion eu- sale that attracted strong To finance the recovery stim- said.
demand from investors. ulus, the EU’s executive arm
said it will raise from capital As part of its “Green Deal”
The EU’s executive branch markets up to an estimated ambition, the EU has pledged
is planning to issue up to 250 800 billion euros by the end to cut emissions of the gases
billion euros in green bonds of 2026, of which 30% are to that cause global warming by
by the end of 2026 as part of be raised via green bonds. In 55% over this decade and has
its plans to finance the 27-na- total, the bloc’s 27 nations set the target of being carbon-
tion bloc’s recovery from the have agreed on a 1.8 trillion neutral by 2050.
coronavirus crisis. euro budget and pandemic
recovery package. To receive their share of the
The EU commission said the recovery aid, EU countries
15-year bond was more than The EU has the ambition to have accepted that their na-
11 times oversubscribed, become a leader in the mar- tional plans must dedicate at
with books exceeding 135 ket of green bonds, which are least 37% of the budgets to
billion euros. reserved for sustainable in- climate-related projects.
vestment.
Johannes Hahn, the commis- “Our future is green and it
sioner in charge of budget “It will allow investors to is extremely important that
and administration, said “this diversify their portfolio of we seize the opportunity to
marks the largest green bond green investments with a clearly show to investors that
order book ever in global cap- highly rated liquid asset, their funds will be used to fi-
ital markets, and the largest thereby potentially accelerat- nance a sustainable European
green bond ever issued, not ing a virtuous circle of sus- recovery,” Hahn said.