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.



Taliban Say India Is a ‘Significant Regional Partner’ after Meeting

Photo: AFP
Photo: AFP
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Taliban Say India Is a ‘Significant Regional Partner’ after Meeting

Photo: AFP
Photo: AFP

The Taliban's foreign office said they saw India as a "significant regional and economic partner" after meeting with its most senior foreign ministry official, the highest level talks with Delhi since their takeover of Afghanistan in 2021.
India's Foreign Secretary Vikram Misri met acting Taliban Foreign Minister Amir Khan Muttaqi in Dubai on Wednesday.
Afghanistan's foreign ministry said in a statement that they had discussed expanding relations with Afghanistan and to boost trade through Chabahar Port in Iran, which India has been developing for goods to bypass the ports of Karachi and Gwadar in its rival Pakistan, Reuters reported.
"In line with Afghanistan's balanced and economy-focused foreign policy, the Islamic Emirate aims to strengthen political and economic ties with India as a significant regional and economic partner," the statement from Afghanistan's foreign ministry said late on Wednesday.
India's foreign ministry said after the Delhi meeting that India was considering engaging in development projects in Afghanistan and looking to boost trade ties.
No foreign government, including India, officially recognizes the Taliban administration.
However, India is one of several countries with a small mission in Kabul to facilitate trade, aid and medical support and has sent humanitarian aid to Afghanistan under the Taliban.
Regional players including China and Russia have signaled they are willing to boost trade and investment in Afghanistan.
The Delhi meeting could ruffle Pakistan, which borders both countries and has fought three wars in the past against India.
Pakistan and Afghanistan also have a strained relationship, with Pakistan saying that several militant attacks that have occurred in its country have been launched from Afghan soil - a charge the Afghan Taliban denies.
Earlier this week India's foreign office told journalists they condemned airstrikes conducted late last year by Pakistan on Afghan soil.