World Bank to transfer $280 mn to Afghanistan

17:31, 11 December 2021
World Bank to transfer $280 mn to Afghanistan Photo: pixabay

The World Bank's (WB) Board of Directors will transfer over $ 280 million of frozen funds to support Afghanistan and two humanitarian aid organizations by the end of the year, the bank's website reported.

“The Afghanistan Reconstruction Trust Fund (ARTF) donors today decided to transfer out $280 million in ARTF funds by the end of December 2021 to UNICEF and the World Food Programme (WFP). This decision is the first step to repurpose funds in the ARTF portfolio to provide humanitarian assistance to the people of Afghanistan at this critical time,” the World Bank statement reads. 

UNICEF will reportedly receive $100 million to provide vital medical care for 12,5 million people and vaccinate 1 million people; WFP will receive $180 million to provide food for about 2.7 million people.

In September, the UN reported that just five percent of families in Afghanistan had sufficient food to eat every day. At the beginning of October, the United Nations warned that at least one million children can be at high risk of dying from malnutrition without immediate medical treatment. 

The UN officials said Afghanistan requires as much as $220 million per month to avoid the hunger crisis, while the current humanitarian help is a “drop in the ocean”.

On November 3 the Taliban* announced that all foreign currency operations in Afghanistan will be banned.

*Taliban is a terror organization banned in the US, Russia, and many other countries.