WB Resumes Debt Repayments in Afghanistan

World Bank clarifies role in payments for Afghanistan projects

The World Bank said on Monday that payments being made to contractors for projects in Afghanistan related to work done prior to the collapse of the former government and that this was money owed to them. The World Bank said the payments concern outstanding debts owed by the former government of Afghanistan to contractors hired under World Bank-financed projects. These contractors completed their work before August 15, 2021, the World Bank said. …

World Bank approves $12 Million grant to strengthen Tonga's climate and fiscal resilience

The World Bank has approved a $12 million grant to support Tonga’s efforts in building long-term resilience against climate shocks and economic challenges. The funding, provided under the Tonga Second Fiscal, Disaster, and Climate Resilience Development Policy Operation, will help the kingdom strengthen public finances, enhance disaster preparedness, and improve energy efficiency. Tonga faces some of […] The post World Bank approves $12 Million …

Taliban Says World Bank Office Reopens in Kabul – KabulNow

The Taliban’s Ministry of Finance has announced that the World Bank has reopened its office in Kabul and is ready to resume payments on its outstanding debts to Afghan companies. The post Taliban Says World Bank Office Reopens in Kabul appeared first on KabulNow.

Taliban say World Bank to resume payments owed to Afghan contractors

KABUL — The Taliban-run Finance Ministry said Monday that the World Bank has agreed to begin repaying $50 million in outstanding debts owed to Afghan logistics and construction firms, following discussions between the two sides. While the World Bank has not publicly confirmed the agreement, the Taliban-run ministry said in a statement that the repayment will be carried out in phases. The first installment, totaling $10.8 million, is expected to …

WB resumes debt repayments in Afghanistan

The Ministry of Finance (MoF) says the World Bank (WB) is set to resume the disbursement of outstanding loans in Afghanistan, with nearly 11 million US dollars to be paid to companies in the first phase, starting today (Monday).

World Bank resumes operations in Kabul amid economic challenges - Khaama Press

World Bank Resumes Operations in Kabul, Restarting Payments and Development Projects Amid Economic Challenges. The World Bank has reopened its office in Kabul after a hiatus following the Taliban’s return to power in 2021. Previously, the World Bank suspended operations due to political changes, but it has now resumed work on ongoing projects. According to the Taliban’s Ministry of Finance, the World Bank owes approximately $50 million to Afghan…