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.



Türkiye Insists on Two States for Ethnically Divided Cyprus as the UN Looks to Restart Peace Talks

UN Secretary General's Special Representative in Cyprus Colin Stewart, center, Cyprus' President Nikos Christodoulides, left, and the Turkish Cypriot leader Ersin Tatar talk as they attend the UN's end of year reception at Ledras Palace inside the UNbuffer zone in the divided capital Nicosia, Cyprus, Tuesday, Dec. 10, 2024. (AP Photo/Petros Karadjias)
UN Secretary General's Special Representative in Cyprus Colin Stewart, center, Cyprus' President Nikos Christodoulides, left, and the Turkish Cypriot leader Ersin Tatar talk as they attend the UN's end of year reception at Ledras Palace inside the UNbuffer zone in the divided capital Nicosia, Cyprus, Tuesday, Dec. 10, 2024. (AP Photo/Petros Karadjias)
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Türkiye Insists on Two States for Ethnically Divided Cyprus as the UN Looks to Restart Peace Talks

UN Secretary General's Special Representative in Cyprus Colin Stewart, center, Cyprus' President Nikos Christodoulides, left, and the Turkish Cypriot leader Ersin Tatar talk as they attend the UN's end of year reception at Ledras Palace inside the UNbuffer zone in the divided capital Nicosia, Cyprus, Tuesday, Dec. 10, 2024. (AP Photo/Petros Karadjias)
UN Secretary General's Special Representative in Cyprus Colin Stewart, center, Cyprus' President Nikos Christodoulides, left, and the Turkish Cypriot leader Ersin Tatar talk as they attend the UN's end of year reception at Ledras Palace inside the UNbuffer zone in the divided capital Nicosia, Cyprus, Tuesday, Dec. 10, 2024. (AP Photo/Petros Karadjias)

Türkiye on Wednesday again insisted on a two-state peace accord in ethnically divided Cyprus as the United Nations prepares to meet with all sides in early spring in hopes of restarting formal talks to resolve one of the world’s most intractable conflicts.
Turkish Foreign Minister Hakan Fidan said Cyprus “must continue on the path of a two-state solution” and that expending efforts on other arrangements ending Cyprus’ half-century divide would be “a waste of time.”
Fidan spoke to reporters after talks with Ersin Tatar, leader of the breakaway Turkish Cypriots whose declaration of independence in 1983 in Cyprus’ northern third is recognized only by Türkiye.
Cyprus’ ethnic division occurred in 1974 when Türkiye invaded in the wake of a coup, sponsored by the junta then ruling Greece, that aimed to unite the island in the eastern Mediterranean with the Greek state.
The most recent major push for a peace deal collapsed in 2017.
Since then, Türkiye has advocated for a two-state arrangement in which the numerically fewer Turkish Cypriots would never be the minority in any power-sharing arrangement.
But Greek Cypriots do not support a two-state deal that they see as formalizing the island’s partition and perpetuating what they see as a threat of a permanent Turkish military presence on the island.
Greek Cypriot officials have maintained that the 2017 talks collapsed primarily on Türkiye’s insistence on permanently keeping at least some of its estimated 35,000 troops currently in the island's breakaway north, and on enshrining military intervention rights in any new peace deal.
The UN the European Union and others have rejected a two-state deal for Cyprus, saying the only way forward is a federation agreement with Turkish Cypriot and Greek Cypriot zones.
UN Secretary-General Antonio Guterres is preparing to host an informal meeting in Switzerland in March to hear what each side envisions for a peace deal. Last year, an envoy Guterres dispatched to Cyprus reportedly concluded that there's no common ground for a return to talks.
The island’s Greek Cypriot President Nikos Christodoulides says he’s ready to resume formal talks immediately but has ruled out any discussion on a two-state arrangement.
Tatar, leader of the breakaway Turkish Cypriots, said the meeting will bring together the two sides in Cyprus, the foreign ministers of “guarantor powers” Greece and Türkiye and a senior British official to chart “the next steps” regarding Cyprus’ future.
A peace deal would not only remove a source of instability in the eastern Mediterranean, but could also expedite the development of natural gas deposits inside Cyprus' offshore economic zone that Türkiye disputes.