The Taliban is swimming in significant assets, with more to come. and China is delighted. The ultimate winner of two decades of war in Afghanistan is likely China. Secretary of State Antony Blinkin confirmed that if the Taliban behaves, the $64 million will be authorized. Further, there is the matter of nations around the world and the pledges they have made in ’emergency funds’ for Afghanistan.

At the first high-level conference on Afghanistan since the Taliban took power a month ago, Western governments, big traditional donors, and others announced pledges that went beyond the $606 million that the United Nations was seeking to cover costs through the end of the year for protecting Afghans from looming humanitarian disaster.

U.N. humanitarian chief Martin Griffiths announced at the close of the ministerial meeting that more than $1.2 billion in humanitarian and development aid had been pledged. He said this included the $606 million sought in a “flash appeal” but also a regional response to the Afghan crisis that U.N. refugee chief Filippo Grandi spoke about after arriving in Kabul on a previously unannounced visit.

He wrote on Twitter that he would assess humanitarian needs and the situation of 3.5 million displaced Afghans, including over 500,000 displaced this year alone.

Officials at the U.N. refugee agency, UNHCR, have expressed concerns that more Afghans could take refuge into neighboring Pakistan and Iran, which both already have large numbers of Afghans who fled their country during the past decades of war.

GovExe: The aircraft and armored vehicles left behind when U.S. forces withdrew will give China—through their eager partners, the Taliban—a broad window into how the U.S. military builds and uses some of its most important tools of war. Expect the Chinese military to use this windfall to create—and export to client states—a new generation of weapons and tactics tailored to U.S. vulnerabilities, said several experts who spent years building, acquiring, and testing some of the equipment that the Taliban now controls.