World Bank discontinues financial aid to Afghanistan days after Taliban take over. The Bank raised serious concerns over the legitimacy of Taliban ruling Afghanistan and prospects for human rights and the abuse and of rights of women.
“we have paused disbursement in our operations in Afghanistan and we’re closely monitoring and assessing the situation in line with our internal policies and procedures” spokesperson for the Development Bank revealed.
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The suspension on disbursement of funds is the latest predicament for a new regime in Afghanistan “that’s starved for cash after the U.S froze access to more than $9billion in assets. The International Monetary Fund said last week that the new government is cut off from using fund reserve assets days before the nation was set to receive almost $500million allocated to other countries on Monday. According to Bloomberg
“As we do so, we will continue to consult closely with the international community and development partners. Together with our partners we are exploring ways we can remain engaged to preserve hand-won development gains and continue to support the people of Afghanistan” she said