World Bank approves $300m in new funding for Afghanistan ...Middle East

WASHINGTON: The World Bank's executive board has approved $300 million in new funds for Afghanistan, which it will deploy outside the control of the Taliban authorities, the development lender confirmed Thursday.The loan forms the key part of the Bank’s new engagement with Afghanistan, dubbed “Approach 3.0,“ which will also revive a regional infrastructure project that was paused after the Taliban took control of the South Asian country in August 2021.The $300 million grant will be paid out over the next 15 months through the World Bank's International Development Association (IDA), its lending arm for some of the world's poorest countries, a spokesperson told AFP.However, as with other Worl

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World Bank approves $300m in new funding for Afghanistan ...Middle East

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