World Bank suspends aid to Afghanistan after Taliban takeover

Updated : Aug 25, 2021 08:30
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Editorji News Desk

The World Bank has suspended aid to Afghanistan, saying it is "deeply concerned" by the situation there, especially regarding women's rights, after the Taliban seized power, AFP has reported.

The suspension follows the Taliban's swift takeover of Afghanistan, as US forces prepared to complete a withdrawal with a deadline of August 31. The World Bank held off on making a statement until it had pulled all of its personnel out of the country.

Washington last week announced it would deny the Taliban access to the country's gold and cash reserves, most of which is held overseas.

Also watch: Will judge Taliban by actions, not words: Joe Biden after G-7 Afghan meet

The International Monetary Fund also suspended operations with the country, including an existing $370 million loan programme, as well as $340 million Kabul was due to receive shortly.

AfghanistanTalibanWorld Bank

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