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Home In Brief

World Bank to unfreeze $1B in Afghan funds

by  Reuters and ILH Staff
Published on  02-20-2022 07:12
Last modified: 02-20-2022 09:25
World Bank to unfreeze $1B in Afghan fundsReuters

The World Bank headquarter in Washington DC | File photo: Reuters

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The World Bank on Friday approved a plan to use some $1 billion in frozen Afghanistan funds for education, agriculture, health, and family programs in an effort to ease the country's worsening humanitarian and economic crises.

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The plan would bypass sanctioned Taliban authorities by disbursing the money in the World Bank-administered Afghanistan Reconstruction Trust Fund (ARTF) through United Nations agencies.

According to the World Bank, the proposal is to "make available just over US$1 billion in ARTF resources in the calendar year 2022."

It will be further discussed on March 1, as donors for the fund now need to give approval for the release of the money.

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