World Bank halts funding of projects in Afghanistan following Taliban’s takeover

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 affect the country’s development prospects, especially for women.

The decision by the World Bank to suspend payments to Afghanistan is the latest financial blow to the country’s new government. Last week, the IMF announced that Afghanistan will no longer be able to access the global lender’s resources.

Since 2002 the Washington-based World Bank has committed more than 5.3bn US Dollars to reconstruction and development projects in Afghanistan.

Published date : 26 Aug 2021 04:45PM