World Bank Provides $1.7 Billion in Aid to Afghanistan
Last Updated on September 30, 2024 6:51 am
The World Bank said that it has provided $1.7 billion in aid to Afghanistan since August 2021.
In its latest report, the World Bank added that key projects in Afghanistan include community stability and livelihood, emergency health response, emergency food security, support for civil society organizations’ capacities, and empowerment of small loans.
The World Bank report said: “Community stability and livelihood, emergency health response, emergency food security, support for civil society organizations, empowerment of small loans and enterprises for growth and stability, emergency water aid project for Afghanistan, and the private sector development program are among the key active projects of the World Bank in Afghanistan.”
“Support for women’s entrepreneurship and overall women’s empowerment not only leads to family economic growth but can also have a significant impact on strengthening Afghanistan’s sustainable economy, reducing poverty and unemployment, and improving public welfare,” said Mir Shekib Mir, an economic analyst.
The World Bank has stressed that in all these projects, women are placed at the center to ensure that the activities of these projects are implemented by women and for women.
Meanwhile, the Ministry of Economy stressed that in order for the country’s growth and development, the World Bank needs to complete its unfinished projects as well.
Abdul Rahman Habib, the spokesperson for the Ministry of Economy, said: “The World Bank previously financed numerous projects in various sectors such as IT infrastructure, telecommunications, energy production, agriculture, health, and education. Resuming work on the unfinished World Bank projects, in addition to creating job opportunities, will strengthen family economies, improve service delivery in urban and rural areas, and enhance our country’s economic infrastructure.”
After the Islamic Emirate came back to power in the country, most international organizations, including the World Bank, suspended their activities in Afghanistan. According to economic experts, the resumption of these organizations’ activities could have positive effects on the country’s economy.