World Bank Allocates $300 Million Aid To Afghanistan, Away From Taliban s Reach menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Kabul, Dec 7 (EFE).- The Taliban government said on Thursday that the World Bank is set to reopen its office in Afghanistan in the near future to complete dozens of development projects in the country. The development comes amid a severe economic and social crisis faced by Afghanistan’s interim government, exacerbated significantly by the reduction …
For almost seven months, Afghan central bank reserves frozen by the United States and set aside to somehow help the Afghan people, have sat, immobilized. Now those funds $3.5 billion are at long last on the move. On September 14, the U.S. and Swiss governments unveiled the “Fund for the Afghan People” as a Geneva-based foundation with its account at the Bank for International Settlements. The Fund will preserve, protect and selectively disburse this money. With this major policy step accomplished, new questions arise: What do these developments mean, what are realistic expectations for the reserves, and what needs to happen next?
The Taliban’s takeover of Afghanistan last year followed by economic sanctions and other restrictions from the international community precipitated a dire humanitarian crisis. Afghan women and children, particularly girls, have been hit the hardest. After two decades of hard-won gains, Afghan women have seen their rights evaporate before their eyes and young girls’ dreams for their futures have been squashed. Meanwhile, the country’s economic crisis has left nearly the entire population in hunger, with limited access to health care and other basic needs.