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Dec 10 decision by donors to transfer frozen funds to Afghanistan

FILE PHOTO: A group of women wearing burqas cross the street as members of the Taliban drive past
FILE PHOTO: A group of women wearing burqas cross the street as members of the Taliban drive through Kabul, Afghanistan October 9, 2021. REUTERS/Jorge Silva/File Photo

December 4, 2021

WASHINGTON (Reuters) – Donors to the World Bank-administered Afghanistan Reconstruction Trust Fund (ARTF) agreed on Dec. a World Bank spokesman said on Friday.

The World Bank’s board of directors this week supported the transfer of $280 million from a $1.5 billion trust fund, which was frozen after the Taliban took over the Afghan government in August, to The World Food Program and UNICEF, Reuters reported on Wednesday, citing sources familiar with the plan. .

A World Bank spokesman gave no details on the proposal, but said ARTF funders met on Friday and agreed to make a decision on moving money out of the fund within a week.

No further details about the ARTF meeting were immediately available.

The US Treasury Department was not available for comment.

Afghanistan’s 39 million people have faced an economic collapse, winter food shortages and growing poverty since the Taliban took power in late August when US troops finally pulled out of 20 years of war. .

Afghanistan experts say the aid will help, but big questions remain, including how to get the money into Afghanistan without exposing any financial institutions involved in the sanctions. America.

(Reporting by Andrea Shalal; Editing by Sandra Maler)

https://www.oann.com/donors-eye-dec-10-decision-on-shifting-frozen-funds-for-afghanistan/?utm_source=rss&utm_medium=rss&utm_campaign=donors-eye-dec-10-decision-on-shifting-frozen-funds-for-afghanistan Dec 10 decision by donors to transfer frozen funds to Afghanistan

DUSTIN JONES

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