KABUL (Pajhwok)): The Islamic Emirate of Afghanistan (IEA) has praised some parts of a World Bank report about the country’s economic situation, but rejected some parts as far from facts. The Office of the Deputy Prime Minister for economic affairs…
The World Bank has allocated 16 million US dollars to support women’s businesses in Afghanistan by granting them loans.
The World Bank’s 25-member executive board on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, effective June 2, the bank said. The WB in a statement said Indian-American Ajay Banga most recently served…
Two-thirds of households in Afghanistan continue to struggle to meet basic food and non-food needs, the World Bank said on Wednesday. A new World Bank survey, assessing changes in basic living conditions in Afghanistan one year after the…
Following last year’s regime change, Afghanistan’s economy has been in significant decline, the World Bank said on Wednesday. In its new Afghanistan Development Update, the World Bank noted a sharp fall in public spending, lower household incomes and reduced…
The World Bank has resumed work on three projects worth $450 million focused on health, agriculture and livelihoods. However, WB would maintain a hold on some $150 million for education projects, Reuters reported. The World Bank put four…
With girls banned from returning to secondary schools, the World Bank has suspended four projects worth $600 million in Afghanistan, the BBC reported on Wednesday. The projects were being prepared for implementation by United Nations agencies to support…
In an expected move, the World Bank has announced more than $1 billion in humanitarian assistance to Afghanistan. The US-based lender said the aid would be spent through UN agencies and international NGOs, with the Taliban government having…
The World Bank administration has given the go-ahead to a plan for using around $1 billion in the frozen Afghanistan Reconstruction Trust Fund (ARTF) for education, agriculture, health and family programmes in the country. The proposal, bypassing sanctions-hit…
International donors have agreed to transfer $280m from a frozen trust fund to the World Food Program (WFP) and UNICEF to support nutrition and health sectors in Afghanistan, according to a statement on Saturday. The World Bank-administered Afghan…
The World Bank is working on a plan to deliver up to $500 million from a frozen Afghanistan aid fund to humanitarian agencies, says a media report. Reuters news agency quoted sources as saying that members of the…
President Ashraf Ghani and the World Bank (WB) Vice President for South Asia have discussed transparency in economic and security sectors.
The newly appointed World Bank Country Director for Afghanistan Melinda Good joined the Kabul office on Thursday, succeeding Henry Kerali, who completed his term. Melinda Good, a United States national, joined the World Bank in 2005 and has…
Afghanistan faced a sluggish economic recovery from COVID-19 amid continued political uncertainties and possible decline in international aid, according to the World Bank (WB). The WB report, Setting Course to Recovery shows that robust agricultural growth has partially buoyed Afghanistan’s…
The World Bank (WB) has pledged an $85 million grant to help Afghanistan improve access to clean water, sanitation and public services. The global financial institution said on Saturday COVID-19 had imposed a severe socio-economic burden on Afghanistan.…
KABUL cushion the economic impact of the COVID-19 pandemic. The grants from the International Development Association (IDA), as part of a larger financial package of $380 million, were meant to support Afghan households, critical food supply chains and provide emergency…
KABUL mitigate COVID-19 impacts and provide relief to vulnerable people and businesses, according to a statement on Friday. The Afghanistan COVID-19 Response Development Policy Grant comprises $100 million from the International Development Association (IDA), the World Bank Group's fund…
KABUL, flew in emergency health supplies to Kabul, according to a statement on Tuesday. The shipment consisted of Personal Protective Equipment (PPE) kits for frontline health workers, who are at high risk of being infected with the virus, the statement…
KABUL Bank (WB) has approved a $400 million grant to help Afghanistan sustain the pace of key economic and public finance reforms, according to a statement on Friday. The grant will support the Afghanistan to manage current risks and uncertainties…
KABUL for emergency response to COVID-19 pandemic, including contracting service providers in all 34 provinces. The bank in a statement said the amount was the first part of a US$100.4 million grant approved on April 2 for the Afghanistan COVID-19…
KABUL Bank said on Sunday. Amid the mounting human toll and global economic fallout triggered by the pandemic, a half-yearly update from the World Bank anticipated a sharp economic slump in each of the region’s eight countries, caused by halting…
