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Afghanistan: World Bank halts aid after Taliban takeover

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  • Update Time : Wednesday, August 25, 2021
  • 129 Time View

The World Bank has halted funding for projects in Afghanistan after the Taliban seized control of the country, reports BBC.

It cited concerns over how the Taliban’s takeover will impact “the country’s development prospects, especially for women”.

 

The move comes just days after the International Monetary Fund (IMF) suspended payments to Afghanistan.

The Biden administration has also frozen the assets of Afghanistan’s central bank that are held in the US.

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