WASHINGTON — The World Bank mentioned on Tuesday that it had halted disbursements of aid cash to Afghanistan because it assesses how the Taliban plan to rule the nation.
A World Bank spokesperson mentioned that the worldwide improvement group is “deeply concerned” in regards to the scenario in Afghanistan, notably the influence that the brand new management could have on ladies within the nation. The financial institution plans to monitor how the management transition proceeds and seek the advice of with the worldwide neighborhood.
The World Bank has dedicated greater than $5.three billion for improvement tasks in Afghanistan since 2002 and has raised practically $13 billion for the Afghanistan Reconstruction Trust Fund, which it administers. The financial institution had dedicated practically $800 million to the nation in 2021.
The resolution follows a transfer by the International Monetary Fund final week to freeze the distribution of greater than $400 million in emergency foreign money reserves that have been allotted to Afghanistan amid an absence of readability over the legitimacy of a Taliban-led authorities.
Because of financial sanctions on the Taliban, it will likely be tough for aid teams to function in Afghanistan. Replacing a flood of overseas aid with sanctions threatens to cripple what is already one of many poorest nations on the earth.
The World Bank mentioned that it was exploring methods to protect improvement positive aspects that have been made over the past 20 years and to assist assist the folks of Afghanistan.