Monday, April 15, 2024

World Bank to Resume Three Major Projects in Afghanistan

Immigration News

Najibullah Lalzoy
Najibullah Lalzoy
Najibullah Lalzoy is a journalist and editor at Khaama Press. He has a BA degree in journalism.

World Bank is all set to resume three major projects worth $450 million in Afghanistan after being halted in reaction to the closure of girls’ schools by the Islamic Emirate of Afghanistan.

Reuters has cited its anonymous sources in the bank saying that the projects are in the sectors of health, agriculture, and livelihood but the one in the educational sector is yet to get started.

Officials of the bank have decided to resume preparation for the projects after Afghanistan’s economic crisis deepened even further.

The four projects worth $600 million were the money that was released by the bank from Afghanistan’s Reconstruction Trust Fund (ARTF).

The educational sector of Afghanistan was allocated $150 million.

Aimed at discussing Afghanistan’s economic and security situation, the US state Treasury has announced that the ARTF’s donors will meet on Friday, April 22, 2022.

UNAMA, IMF, and Islamic Development Bank are also supposed to take part in the meeting.

Another source has told Reuters that, the decision was made partly because the crisis between Russia and Ukraine lead to a spike in the prices of food and fuel in Afghanistan.

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