City
Epaper

Due to challenges in Afghanistan's payment system, aid resumption to country unlikely: World Bank

By ANI | Updated: November 9, 2021 15:05 IST

For the World Bank Group (WBG), it is unlikely to resume direct aid to Afghanistan due to challenges in the payment system of the country, said David Malpass, head of the WBG.

Open in App

For the World Bank Group (WBG), it is unlikely to resume direct aid to Afghanistan due to challenges in the payment system of the country, said David Malpass, head of the WBG.

Malpass, while speaking at the Centre of Strategic and International Institute, said that there is not the ability to have money actually flow given what the government is doing in Afghanistan, reported the Khaama Press.

In August, the World Bank had suspended its aid to Afghanistan after the Taliban took control of the country.

The officials further emphasised challenges in Afghanistan's payment system.

Since the collapse of the former Afghan government, various other bodies have also frozen billions of assets for Afghanistan.

The US recently lifted sanctions on humanitarian aids to Afghanistan, the Taliban have repeatedly been asking for the release of over USD 9 billion assets of the country, reported Khaama Press.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Centre of strategic and international instituteDavid MalpassWorld Bank Group
Open in App

Related Stories

InternationalUAE's per capita income continues to rise, ranks 7th globally

InternationalAfghanistan acting FM brands economic crisis as "propaganda"

PoliticsPakistan allows foreign investors to remit entire profit abroad

InternationalHow Singapore leaped ahead of other cities during COVID

InternationalWorld Bank issues USD 1.5 billion loan to Ukraine

International Realted Stories

InternationalYouTube has blocked six Bangladeshi TV channels in India, says Dhaka media 

InternationalSouth Korea: Former PM Han apologises for Conservative Party's presidential candidacy disarray

InternationalEuropean leaders visit Kyiv, advocate for Ukraine's peace, sovereignty and prosperous future

InternationalPak tested our air defence, we proved ourselves highly effective: Military experts on India’s decisive response to cross-border aggression

InternationalSaudi Foreign Minister dials EAM Jaishankar and Pak Foreign Minister, discusses efforts to de-escalate tensions