Leaders at the OIC summit in Islamabad, Pakistan.
The crisis is causing mounting alarm but the international response has been muted, given Western reluctance to help the Taliban government, which seized power in August.
At a special meeting in Pakistan of the 57-member Organisation of Islamic Cooperation (OIC) delegates said they would work "to unlock the financial and banking channels to resume liquidity and flow of financial and humanitarian assistance."
The meeting was the biggest conference on Afghanistan since the US-backed government fell in August and the Taliban returned to power.
The trust fund, announced by Pakistan's Foreign Minister Shah Mahmood Qureshi, will be set up under the aegis of the Islamic Development Bank.
Allowing Afghanistan access to reserves frozen outside the country would be key to preventing economic collapse, participants in the meeting — which included representatives from the United Nations, United States, European Union and Japan — said in a statement. But it was unclear how much the fund would contain and the meeting did not provide official recognition to the Taliban government.
Acting Afghan Foreign Minister Amir Khan Muttaqi said the government had restored peace and security and done much to address demands for more inclusiveness with respect for human rights, including the rights of women.
"All must acknowledge that political isolation of Afghanistan is not beneficial for anyone, therefore it is imperative that all support the prevailing stability and back it both politically and economically," he said.
Taliban officials have previously asked for help to rebuild Afghanistan's shattered economy and feed more than 20 million people threatened with hunger. Some countries and aid organisations have begun delivering aid, but a near-collapse of the country's banking system has complicated their work.
Qureshi said unlocking financial and banking channels was essential "because the economy can't function and people can't be helped without a banking system."
The scale of the challenge has been underlined by crowds gathering outside the newly reopened passport office in Kabul, where hundreds have been lining up for passports that would enable them to leave the country.
Beyond immediate aid, Afghanistan needs help ensuring longer-term economic stability. Much will depend on whether Washington is willing to unfreeze billions of dollars in central bank reserves and lift sanctions that have caused many institutions and governments to shy away from direct dealings with the Taliban.
Muttaqi said the Taliban would not allow Afghanistan to be used as a base for attacks on other countries and he said no reprisals would be carried out against officials of the former government.
Imran said the Taliban had people among their leadership who had given a lot of sacrifices in blood. These people, he said, would now want to be a part of the government.
The Afghan president on Thursday praised Pakistan’s efforts to advance the peace process in the region as he reached out to Islamabad for help in bringing the Taliban to the negotiating table with the Kabul government,
"We are to become a great nation, but not by begging,” said Imran, addressing the people who gathered at the Islamabad International Airport to welcome him back home after three-day visit to the United States in the wee hours of Thursday.
Pope Francis offered his prayers for the thousands of victims of the earthquake in Syria and Turkey on Wednesday and called on the international community to continue to support rescue and recovery efforts.
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The visit comes as Sunak announced that Britain will train Ukrainian pilots on "NATO-standard fighter jets.” Ukraine has urged its allies to send jets, though the UK says it’s not practical to provide the Ukrainian military with British warplanes.