{"id":11039,"date":"2021-08-25T11:29:04","date_gmt":"2021-08-25T03:29:04","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=11039"},"modified":"2021-08-25T11:29:05","modified_gmt":"2021-08-25T03:29:05","slug":"world-bank-suspends-aid-to-afghanistan","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=11039","title":{"rendered":"World Bank suspends aid to Afghanistan"},"content":{"rendered":"\n

ANKARA, Aug 25 — The World Bank announced that it has halted disbursements of monetary aid to Afghanistan since the Taliban took control of the war-torn country.<\/p>\n\n\n\n

According to Anadolu Agency, a spokesperson for the bank said the bank is “closely monitoring” the situation in Afghanistan.<\/p>\n\n\n\n

\u201cWe are deeply concerned about the situation in Afghanistan and the impact on the country\u2019s development prospects, especially for women,\u201d the spokesperson said.<\/p>\n\n\n\n

The Washington-based institution will continue to consult closely with the international community and development partners on the situation and is exploring ways to remain engaged to preserve \u201chard-won development gains.\u201d<\/p>\n\n\n\n

Since 2002, the World Bank, through the International Development Association, has committed around US$5.3 billion for reconstruction and development projects in Afghanistan.<\/p>\n\n\n\n

\"world<\/figure><\/div>\n\n\n\n

Earlier this year, the bank committed around US$800 million to the country.<\/p>\n\n\n\n

It added that the move follows a decision by the International Monetary Fund (IMF) last week to suspend Afghanistan’s access to the Fund’s resources, including nearly US$440 million in new monetary reserves.<\/p>\n\n\n\n

“There is currently a lack of clarity within the international community regarding recognition of a government in Afghanistan, as a consequence of which the country cannot access SDRs or other IMF resources,” an IMF spokesperson said in a statement, referring to special drawing rights, or supplementary foreign exchange reserve assets defined and maintained by the IMF.<\/p>\n\n\n\n

NMT<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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