Yukon Weekly

World Bank says donors approved to let go of $280 mn for Afghanistan

World Bank says donors approve release of $280 mn for Afghanistan

Key Takeaway:

  • International donors agreed to let go of $280 million to help Afghanistan.
  • The Afghanistan Reconstruction Trust Fund (ARTF) fund would go “to provide humanitarian help to the people of Afghanistan at this critical time.

International donors agreed to let go of $280 million to help Afghanistan. The World Bank said on Friday, after repeated warnings, that more than half the population faces “acute” food shortages this winter.

The Afghanistan Reconstruction Trust Fund (ARTF) fund would go “to provide humanitarian help to the people of Afghanistan at this critical time,” the World Bank stated in a statement.

International donors agreed to let go of $280 million to help Afghanistan. Image: deccanherald

The money will be given to the World Food Programme and UNICEF, which “have presence and logistics capacity on the ground in Afghanistan and will use these funds to cover financing gaps in their existing programs to deliver health and nutrition services directly to the Afghan people.”

Earlier this month, the bank’s management offered to re-direct the funds for rebuilding efforts.

The United Nations has said that Afghanistan is on the world’s humanitarian crisis border. 

Around 22 million Afghans, or half the country, will face an “acute” food shortage in the winter months, forcing millions to choose between starvation and emigration.

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That is due to the effects of drought caused by global warming and an economic crisis aggravated by the international community’s decision to freeze funding to the aid-dependent nation after the Taliban takeover in August — a finding the UN described in a report as an “unprecedented fiscal shock.”

Washington froze around $10 billion of the country’s reserves, and the World Bank and International Monetary Fund halted Afghanistan’s access to funding.

Many people in Kabul have resorted to selling household goods to feed themselves and buy coal to heat their homes in the winter.

The statement said that UNICEF would receive $100 million to provide essential health services, and WFP will receive $180 million. 

Source-CTV News

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