Thursday, April 18, 2024

The World Bank Announces a Critical $150 Million Lifeline for Afghanistan’s Rural Families

Immigration News

Saqalain Eqbal
Saqalain Eqbal
Saqalain Eqbal is an Online Editor for Khaama Press. He is a Law graduate from The American University of Afghanistan (AUAF).

The World Bank has provided $150 million in aid to Afghan farmers to help them improve their agricultural products, according to the UN’s Food and Agriculture Organization (FAO).

According to the FAO, this is the first tranche of World Bank assistance, with the second installment, totaling $45 million, expected to be released within the following 24 months.

The organization also stated that increased insecurity and widespread humanitarian crisis pressure have resulted in extreme food insecurity among Afghans at various levels, and that the World Bank’s assistance to farmers is a “generous and timely” measure.

“We are grateful to the World Bank and its Members for the generous and timely contribution”, said QU Dongyu, FAO Director-General. “It is a historic moment for poor farmers in Afghanistan.”

According to the organization, the situation of the war in Ukraine will have a significant impact on the escalation of food insecurity in Afghanistan.

Meanwhile, the management committee of the Afghanistan Reconstruction Fund (ARTF) and the World Bank have approved a $793 million project to provide immediate relief to the needy and provide health services in Afghanistan.

This amount of recent aid will be distributed and provided away from Taliban control.

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