Friday, 02, December, 2022

World Bank decided to use more than $1 billion of frozen aid for Afghanistan. The funds will be sent to "selected UN entities and international non-governmental organizations," the bank said in a statement.

The Board of Directors of the World Bank on Tuesday decided to transfer more than $1 billion of frozen funds intended to support Afghanistan to a number of agencies and humanitarian aid organizations. This is stated in a statement published on the WB website.

"The World Bank Board of Directors today approved an expanded approach to support Afghans in connection with the request of donors from the Afghanistan Reconstruction Fund and the international community," the document says. According to the plan, "more than $1 billion will be contributed from the Afghan Reconstruction Fund as grant recipients to individual UN structures and international non-governmental organizations." How exactly is not specified.

These funds "will remain beyond the control of the interim government" of Afghanistan, formed by the radical Taliban movement, the document says. It explains that the funds will be directed to various programs, including in the field of education, agriculture, and health care.

In December 2021, the WB Board of Directors decided to transfer $280 million from the frozen funds intended to support Afghanistan to two humanitarian aid agencies. We are talking about the World Food Program (WFP) and the United Nations Children's Fund (UNICEF).

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