WORLD

World Bank halts projects in Afghanistan

25.08.21 10:55


The World Bank has halted funding for projects in Afghanistan after the Taliban seized control of the country.

 

It cited concerns over how the Taliban's takeover will impact "the country's development prospects, especially for women".

 

The move comes just days after the International Monetary Fund (IMF) suspended payments to Afghanistan.

 

The Biden administration has also frozen the assets of Afghanistan's central bank that are held in the US.

 

"We have paused disbursements in our operations in Afghanistan and we are closely monitoring and assessing the situation in line with our internal policies and procedures," a World Bank spokesperson told the BBC.

 

"We will continue to consult closely with the international community and development partners. Together with our partners we are exploring ways we can remain engaged to preserve hard-won development gains and continue to support the people of Afghanistan."

 

 

 

source: IPN 

 

 

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