World Bank Pauses Aid to Afghanistan

A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo
A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo
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World Bank Pauses Aid to Afghanistan

A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo
A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo

The World Bank has suspended aid to Afghanistan, saying it is "deeply concerned" by the situation there, especially regarding women's rights, after the Taliban seized power, a bank spokesperson told AFP.

"We have paused disbursements in our operations in Afghanistan and we are closely monitoring and assessing the situation," the official said.

"We are deeply concerned about the situation in Afghanistan and the impact on the country's development prospects, especially for women."

The suspension follows the Taliban's swift takeover of Afghanistan, as US forces prepared to complete a withdrawal with a deadline of August 31.

Washington last week announced it would deny the Taliban access to the country's gold and cash reserves, most of which are held overseas.

The International Monetary Fund (IMF) also suspended operations with the country, including an existing $370 million loan program, as well as $340 million Kabul was due to receive from Monday's release of Special Drawing Rights (SDR), the lender's basket of currencies.

The swift takeover has led to heart-wrenching scenes of people trying to flee the country, including women fearing a return to the kind of Taliban rule of their 1990s regime that saw women confined to their homes, most entertainment banned, and stonings and public executions used as punishments.

The World Bank held off on making a statement until it had pulled all of its personnel out of the country, an operation completed on Friday, according to a bank source.

The spokesperson said the development lender "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 hard-won development gains and continue to support the people of Afghanistan."

The World Bank has more than two dozen development projects ongoing in the country and has provided $5.3 billion since 2002, mostly in grants, according to the bank's website.



Iran Tells France to Review ‘Unconstructive’ Approach Ahead of Meeting

Iranian flag flies in front of the UN office building, housing IAEA headquarters, amid the coronavirus disease (COVID-19) pandemic, in Vienna, Austria, May 24, 2021. (Reuters)
Iranian flag flies in front of the UN office building, housing IAEA headquarters, amid the coronavirus disease (COVID-19) pandemic, in Vienna, Austria, May 24, 2021. (Reuters)
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Iran Tells France to Review ‘Unconstructive’ Approach Ahead of Meeting

Iranian flag flies in front of the UN office building, housing IAEA headquarters, amid the coronavirus disease (COVID-19) pandemic, in Vienna, Austria, May 24, 2021. (Reuters)
Iranian flag flies in front of the UN office building, housing IAEA headquarters, amid the coronavirus disease (COVID-19) pandemic, in Vienna, Austria, May 24, 2021. (Reuters)

Iran's foreign ministry called upon Paris to review its "unconstructive" approach, a few days before Tehran is set to hold a new round of talks about its nuclear program with major European countries.

On Monday, Emmanuel Macron said Tehran's uranium enrichment drive is nearing a point of no return and warned that European partners in a moribund 2015 nuclear deal with Iran should consider reimposing sanctions if no progress is reached.

"Untrue claims by a government that has itself refused to fulfil its obligations under the nuclear deal and has played a major role in (Israel's) acquisition of nuclear weapons is deceitful and projective," Foreign Ministry spokesperson Esmaeil Baghaei wrote on X on Wednesday.

France, Germany and Britain were co-signatories to the 2015 deal in which Iran agreed to curb enrichment, seen by the West as a disguised effort to develop nuclear-weapons capability, in return for lifting international sanctions.

Iran says it is enriching uranium for peaceful purposes and has stepped up the program since US President-elect Donald Trump pulled Washington out of the 2015 deal during his first term of office and restored tough US sanctions on Tehran.

French, German and British diplomats are set to hold a follow-up meeting with Iranian counterparts on Jan. 13 after one in November held to discuss the possibility of serious negotiations in coming months to defuse tensions with Tehran, as Trump is due to return to the White House on Jan. 20.

Baghaei did not mention French Foreign Minister Jean-Noel Barrot's comment regarding three French citizens held in Iran.

Barrot said on Tuesday that future ties and any lifting of sanctions on Iran would depend on their release.