Agency, Kabul.
Published by: Jeet Kumar
Updated Wed, 02 Mar 2022 11:54 PM IST
Summary
The Fund’s spending is primarily aimed at protecting vulnerable people in Afghanistan, helping to preserve human capital and key economic and social services.
The World Bank has announced a one billion dollar humanitarian aid for Afghanistan, which is facing severe economic crisis. But has said that this financial aid will not remain under the control of Taliban rulers in Afghanistan. It can be used through UN agencies and international non-governmental organizations (NGOs).
The fund’s spending is primarily aimed at protecting vulnerable people in Afghanistan, helping to preserve human capital and key economic and social services.
Also, with this help from the World Bank, there will be an attempt to reduce the need for humanitarian assistance to Afghanistan in the future. The aid follows $280 million from the Reconstruction Trust Fund to Afghanistan last December.
Let us tell you, after the return of the radical Islamic Taliban to power, the World Bank stopped aid to Kabul at the end of last August. The trust had been the biggest source of development funding for Afghanistan before the Taliban came to power. It financed up to 30 per cent of the government budget.
Afghanistan facing many challenges
Afghanistan has faced many challenges since the Taliban came to power. The most fundamental problems are lack of food, unemployment, lack of education and poverty. The World Bank said the new aid is intended to protect vulnerable Afghans and help preserve human capital and key economic and social services.
Expansion
The World Bank has announced a one billion dollar humanitarian aid for Afghanistan, which is facing severe economic crisis. But has said that this financial aid will not remain under the control of Taliban rulers in Afghanistan. It can be used through UN agencies and international non-governmental organizations (NGOs).
The fund’s spending is primarily aimed at protecting vulnerable people in Afghanistan, helping to preserve human capital and key economic and social services.
Also, with this help from the World Bank, there will be an attempt to reduce the need for humanitarian assistance to Afghanistan in the future. The aid follows $280 million from the Reconstruction Trust Fund to Afghanistan last December.
Let us tell you, after the return of the radical Islamic Taliban to power, the World Bank stopped aid to Kabul at the end of last August. The trust had been the biggest source of development funding for Afghanistan before the Taliban came to power. It financed up to 30 per cent of the government budget.
Afghanistan facing many challenges
Afghanistan has faced many challenges since the Taliban came to power. The most fundamental problems are lack of food, unemployment, lack of education and poverty. The World Bank said the new aid is intended to protect vulnerable Afghans and help preserve human capital and key economic and social services.