Reuters citing two sources familiar with the decision of the World Bank reported that it is going to resume on three projects valued around $450 million, the projects are focused on health, agriculture and livelihoods.
According to this report the World Bank will maintain a hold on some $150 million for education projects, too.
One of the sources said that officials of the World Bank have decided to resume preparations for the three non-education projects considering the deepening economic crisis in Afghanistan worsened by rising food and energy prices triggered by Russia’s war in Ukraine.
“The multilateral development bank had put all four projects, valued at around $600 million, on hold in late March, citing its deep concerns over the Taliban’s ban on girls attending public high school,” Reuters added.
According to Reuters the U.S. Treasury Department announced that major donors to the Afghanistan Reconstruction Trust Fund (ARTF) on Friday will meet to discuss the country’s mounting economic and food security problems.
The report added that the United Nations Assistance Mission in Afghanistan (UNAMA) and the Islamic Development Bank, will also take part in the meeting.
The news comes as last week the World Bank in a report described the economic situation of Afghanistan as “dire” and added the income of people has starkly dropped 33% in first four months of this year comparing to 2021.