The World Bank Approves Transfer of $600mn To Afghanistan

The World Bank has proposed that $600 million of
Afghanistan’s frozen money be transferred to Afghanistan to address the
economic and educational crisis.

Reuters quotes informed sources as saying that the World
Bank delegation is scheduled to review the proposal on March 1st and make the
final decision on the payment.

The World Bank currently manages the Afghanistan
Reconstruction Trust Fund and, if approved, will transfer the money to various
United Nations agencies, including the United Nations Children’s Fund (UNICEF)
and the Food and Agriculture Organization. To address the country’s economic

The World Bank recently announced that donors from the
Afghanistan Reconstruction Trust Fund have agreed to transfer $ 280 million of
frozen funds to the World Food Program and the United Nations Children’s Fund
to provide food and health programs in Afghanistan.

It is worth mentioning that after the fall of the republic
in the country, $ 1 billion of Afghanistan Reconstruction Trust Fund has been
frozen in the World Bank.

Source: Wadsam

Related Articles

Back to top button