Published 2 years ago

World Bank board backs plan to shift $1 bln from frozen Afghan trust fund -source

Summary by Ground News

The plan will bypass sanctioned Taliban authorities by disbursing the money through U.N. agencies and international aid groups. The Afghan trust fund was frozen in August when the Taliban overran Kabul. The U.S. led in the freezing of some $9 billion in Afghan central bank funds.

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Reuters

World Bank board backs plan to shift $1 bln from frozen Afghan trust fund -source

WASHINGTON - The executive board of the World Bank on Tuesday approved a plan to use more than $1 billion from a frozen Afghanistan trust fund to fund urgently needed education, agriculture, health and family programs, a source familiar with the decision said. The move, which will bypass sanctioned Taliban authorities by disbursing the money through U.N. agencies, will provide a major

2 years ago·United Kingdom

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National Post

World Bank board backs using $1 billion in frozen Afghan funds for aid

WASHINGTON -- The executive board of the World Bank on Tuesday approved a plan to use more than $1 billion from a frozen Afghanistan trust fund to finance urgently needed education, agriculture, health and family programs, the bank announced. Read More

2 years ago·Canada

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Arab News

World Bank board backs using $1 billion in frozen Afghan funds for aid

Wed, 2022-03-02 03:21 WASHINGTON: The executive board of the World Bank on Tuesday approved a plan to use more than $1 billion from a frozen Afghanistan trust fund to finance urgently needed education, agriculture, health and family programs, the bank announced. The plan, which will bypass sanctioned Taliban authorities by disbursing the money through UN agencies and international aid groups, will provide a major boost to efforts to ease the c…

2 years ago·Riyadh, Saudi Arabia

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VOA News

World Bank Board OKs Using $1 Billion in Frozen Afghan Funds for Aid

The executive board of the World Bank on Tuesday approved a plan to use more than $1 billion from a frozen Afghanistan trust fund to finance urgently needed education, agriculture, health and family programs, the bank announced. The plan, which will bypass sanctioned Taliban authorities by disbursing the money through U.N. agencies and international aid groups, will provide a major boost to efforts to ease the country's worsening humanitarian a…

2 years ago·United States

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Today

World Bank board backs using US$1 billion in frozen Afghan funds for aid

WASHINGTON :The executive board of the World Bank on Tuesday approved a plan to use more than US$1 billion from a frozen Afghanistan trust fund to finance urgently needed education, agriculture, health and family programs, the bank announced.The plan, which will bypass sanctioned Taliban authorities by disbur

2 years ago·Singapore

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OAN

World Bank board backs using $1 billion in frozen Afghan funds for aid

March 2, 2022WASHINGTON (Reuters) -The executive board of the World Bank on Tuesday approved a plan to use more than $1 billion from a frozen Afghanistan trust fund to finance urgently needed education, agriculture, health and family programs, the bank announced.The plan, which will bypass sanctioned Taliban authorities by disbursing the money through U.N. agencies and international aid groups, will provide a major boost to efforts to ease the c…

2 years ago·San Diego, United States

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