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World Bank announces more than 1 billion dollars in aid for Afghanistan


World Bank announces more than 1 billion dollars in aid for Afghanistan

Takeover of the Taliban: The Taliban came to power in Afghanistan last August. (File)

Kabul:

The World Bank on Tuesday announced more than $1 billion in humanitarian aid to Afghanistan, stating that the money would go to United Nations agencies and international NGOs while maintaining lies “out of control” of the country’s Taliban rulers.

The reallocation from the Afghanistan Reconstruction Trust Fund (ARTF) follows $280 million in ARTF disbursements last December, and is intended to support humanitarian operations during the critical winter months.

The funds, delivered in the form of grants, are intended to “support the provision of essential basic services, protect vulnerable Afghans, help preserve human capital and economic services and important society and reduce the need for future humanitarian assistance,” the Washington-based lender said in a statement.

The bank suspended aid to Kabul at the end of August last year after the radical Muslim Taliban returned to power.

ARTF is a multi-donor fund that coordinates international aid to improve the lives of millions of Afghans. It is administered by the World Bank on behalf of its funding partners.

Until the Taliban took power, the ARTF was the largest source of development funding for Afghanistan, funding up to 30% of the government’s budget.

Since the World Bank was unable to provide funds directly to the Taliban regime – which is not recognized by the international community – the World Bank turned to organizations such as the United Nations child protection agency. UNICEF in response to the humanitarian crisis.

Afghanistan’s population has faced increased food shortages and poverty since the Taliban came to power.

The goal of the new aid is “to protect vulnerable Afghans (and) help preserve human capital and vital economic and social services,” the World Bank said.

(This story has not been edited by NDTV staff and was automatically generated from the feed provided.)



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