World Bank freezes aid to Afghanistan after Taliban takeover

The World Bank has halted funding to Afghanistan, citing "grave concern" about the situation there, particularly regarding women's rights, after the Taliban took control, according to a bank spokeswoman.

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World Bank freezes aid to Afghanistan after Taliban takeover

The World Bank has halted funding to Afghanistan, citing “grave concern” about the situation there, particularly regarding women’s rights, after the Taliban took control, according to a bank spokeswoman.

“We have halted disbursements in our activities in Afghanistan and are actively watching and analyzing the situation,” added the official.

“We are gravely worried about the situation in Afghanistan and its implications for the country’s development prospects, particularly for women.”

The halt comes in the wake of the Taliban’s quick takeover of Afghanistan, as US soldiers prepare to leave by August 31.

The International Monetary Fund (IMF) also halted operations with the country, including an existing $370 million loan program and the $340 million Kabul was set to receive from Monday’s release of Special Drawing Rights (SDR), the lender’s currency basket.

The quick takeover has resulted in heartbreaking pictures of people fleeing the nation, especially women who fear a return to the Taliban rule of the 1990s when women were confined to their houses, most entertainments were outlawed, and stonings and public executions were employed as punishments.

According to a bank source, the World Bank delayed releasing a statement until it had removed all of its staff from the nation, which was accomplished on Friday.

The development lender, according to the spokesman, “will continue to interact closely with the international community and development partners.”According to the World Organization’s website, the bank has more than two dozen development projects in the nation and has contributed $5.3 billion in grants since 2002.

(Source – HT)

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World Bank freezes aid to Afghanistan after Taliban takeover
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The World Bank has halted funding to Afghanistan, citing "grave concern" about the situation there, particularly regarding women's rights, after the Taliban took control, according to a bank spokeswoman.
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THE POLICY TIMES
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