World

World Bank announces more than US$1 bil in aid for Afghanistan

Funds to support humanitarian response over critical winter months

Updated 4 years ago · Published on 02 Mar 2022 10:30AM

World Bank announces more than US$1 bil in aid for Afghanistan
Afghanistan’s population has faced food shortages and mounting poverty since the Taliban took over. – AFP pic, March 2, 2022

WASHINGTON – The World Bank yesterday announced more than US$1 billion (RM4.2 billion) in humanitarian aid for Afghanistan, stating the money will go to United Nations agencies and international NGOs while remaining “outside the control” of the country’s Taliban rulers.

The reallocation from the Afghanistan Reconstruction Trust Fund (ARTF) follows the US$280 million in ARTF funds disbursed last December, and is aimed at supporting the humanitarian response over the critical winter months.

The funds, to be delivered in the form of grants, aim “to support the delivery of essential basic services, protect vulnerable Afghans, help preserve human capital and key economic and social services and reduce the need for humanitarian assistance in the future”, the Washington-based lender said in a statement.

The bank suspended its aid to Kabul late last August after the hardline Islamist Taliban swept back into power.

ARTF is a multi-donor fund that coordinates international aid to improve the lives of millions of Afghans. It is administered by the World Bank on behalf of donor partners.

Until the Taliban took over, the ARTF was the largest source of development funding for Afghanistan, financing up to 30% of the government's budget.

Because the World Bank is unable to provide money directly to the Taliban regime – which is not recognised by the international community – it has redirected the funds to organisations like UN children’s agency Unicef in response to the humanitarian crisis.

Afghanistan’s population has faced food shortages and mounting poverty since the Taliban took over.

The objective of the new aid is to “protect vulnerable Afghans (and) help preserve human capital and key economic and social services”, the World Bank said. – AFP, March 2, 2022

Related News

Malaysia / 1mth

Sabah poverty figures, tourism ranking among Malaysia’s quieter gains, says World Bank economist

Business / 8mth

Malaysia’s economy - Five realities frequently overlooked

Malaysia / 1y

World Bank: Malaysia’s success in poverty reduction remarkable

Malaysia / 2y

Independent commission needed to review education system, says group

Business / 3y

Malaysia's economic growth expected to moderate to 3.9 pct in 2023: World Bank

Malaysia / 3y

Sarawak’s ‘high-income’ status not felt on the ground: business leader

Spotlight

Education

Fadhlina: Numerous factors considered before any decision made to close schools

Malaysia

Traffic congestion in Bandar Sunway persists into the afternoon

Malaysia

Two people allegedly stabbed in Kepong attack, student faces 20 years in jail

Malaysia

KLIA steps up K9 patrols at peak hours after security incidents

Malaysia

Customs seizes RM162m in drugs, including 460kg hidden in cemetery hut

Malaysia

Fourteen men charged over teenager’s death after alleged two-day ordeal

Malaysia

Instant billionaire? Bank customer finds RM1 billion mistakenly credited to account

Malaysia

Irene Sofiya murder: Accused’s family to take legal action over fake social media posts

World

Indonesia records 277,075 respiratory infections as forest fires fuel haze crisis

You may be interested

World

Pope Leo XIV diagnosed with lung cancer after successful surgery

World

Malaysia seeks China’s satellite technology to improve flood warnings, combat cross-border crime

World

Houthi missile intercepted over Riyadh as attacks intensify pressure on Saudi Arabia

World

Indonesia records 277,075 respiratory infections as forest fires fuel haze crisis

World

Ukraine accuses US of aiding Russia over missile warnings and Starlink restrictions

World

Trump says Iran strike was postponed after military plans leaked to media

World

Indonesia hotspots spike as Kalimantan records 326, Sumatra 303