Home LATEST NEWS World Bank announces more than $1 billion in aid for Afghanistan

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

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This financial assistance will be in the form of grants granted to United Nations agencies and to non-governmental organization international organizations, the Washington institution said in a statement. And she will remain outside the control of the interim Taliban administrationshe assured.

It follows that announced on December 10 for an amount of 280 million dollars. The World Bank then indicated that this was a first step.

The Washington institution had to suspend its aid to Kabul at the end of August after the Taliban returned to power.

I’Special fund for the reconstruction of Afghanistan is a multi-donor trust fund that coordinates international assistance to improve the lives of millions of Afghans.

The World Bank administers theSpecial fund for the reconstruction of Afghanistan on behalf of donor partners.

Until the Taliban took power, theSpecial fund for the reconstruction of Afghanistan was the largest source of funding for the development of Afghanistan, financing up to 30% of the government budget.

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Unable to pay money directly to the Taliban regime, which is not recognized by the international community, and given the humanitarian and economic crisis in the country, the World Bank decided to reallocate these funds to organizations such as theUNICEF.

Food shortages and growing poverty

The Afghan population has indeed been facing food shortages and growing poverty since the Taliban took power in mid-August.

The aim of the new aid is to protect vulnerable Afghansand to contribute preserve essential economic and social servicescommented the World Bank.

First, the donors of theARTF will devote some $600 million to four projects aimed at respond to urgent needs in the education, health and agricultural sectorswith a focus on dedicated support for girls and women.

Finalization of project design and financing should take place in the next weeks.These $600 million will be supplemented by additional allocations from theSpecial fund for the reconstruction of Afghanistan in 2022 if conditions permitthe World Bank also said.

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She points out that it is a question of having an approach flexible given the changing situation on the ground.

In December, the 280 million had been allocated to theUNICEF and the World Food Program (WFP).

The World Bank then argued that these two United Nations organizations, well established in Afghanistan, had logistical capacities on the ground allowing them to use these funds wisely.

The challenge remains to provide aid that is not diverted by the Taliban.

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