World Bank blocks aid disbursements to Afghanistan.

WASHINGTON – The World Bank said on Tuesday it had halted aid disbursements to Afghanistan as it assessed how the Taliban planned to rul...

WASHINGTON – The World Bank said on Tuesday it had halted aid disbursements to Afghanistan as it assessed how the Taliban planned to rule the country.

A spokesperson for the World Bank said the international development organization was “deeply concerned” about the situation in Afghanistan, in particular the impact the new leadership will have on women in the country. The bank plans to monitor the progress of the leadership transition and consult with the international community.

The World Bank has committed more than $ 5.3 billion for development projects in Afghanistan since 2002 and has raised nearly $ 13 billion for the Afghanistan Reconstruction Trust Fund, which it administers. . The bank had committed nearly $ 800 million to the country in 2021.

The decision follows a decision by the International Monetary Fund last week freeze the distribution of more than $ 400 million in emergency currency reserves that have been allocated to Afghanistan amid a lack of clarity on the legitimacy of a Taliban-led government.

The economic sanctions against the Taliban will make it difficult for aid groups to operate in Afghanistan. Replace a flood of foreign aid with sanctions threatens to paralyze which is already one of the poorest countries in the world.

The World Bank has said it is exploring ways to preserve the development gains made over the past 20 years and help support the Afghan people.

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Newsrust - US Top News: World Bank blocks aid disbursements to Afghanistan.
World Bank blocks aid disbursements to Afghanistan.
Newsrust - US Top News
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