U.N. sets up trust fund for 'people's economy' in Afghanistan

FILE PHOTO: The logo of the United Nations is seen on the outside of its headquarters in New York, September 15, 2013. REUTERS/Carlo Allegri/File Photo

GENEVA (Reuters) - The United Nations said on Thursday it had set up a special trust fund to provide urgently needed cash directly to Afghans through a system tapping into donor funds frozen since the Taliban takeover in August.

With the local economy "imploding", the aim is to inject liquidity into Afghan households to permit them to survive this winter and remain in their homeland, it said.