World Bank halts monetary aid to Taliban-controlled Afghanistan
World Bank halts monetary aid to Taliban-controlled Afghanistan

The ongoing crisis in the war-torn country ( Afghanistan) The World Bank, worried over the condition in the Taliban-controlled Afghanistan, paused financial aid to the war-torn nation, saying it is 'deeply concerned' about the situation. 

“The World Bank said that it is "deeply concerned" about the situation there after the Taliban seized power and especially the prospects for women,’’ a bank spokesperson said, quoted to International media. The spokesperson said that the World Bank has currently paused spending of its operations in Afghanistan, adding that they are closely "monitoring and assessing the situation."

There are over two dozen development projects by the World Bank in Afghanistan, which recently fell into the hands of the Taliban. The bank has given monetary aid, mostly in grants, worth $5.3 billion since 2002 to the war-torn nation. The World Bank's statement comes after the International Monetary Fund (IMF) blocked operations in Afghanistan, including an existing $370 million loan programme and $340 million to Kabul, which was due from Monday's release of Special Drawing Rights (SDR). 

The situation in war-torn Afghanistan worsened the US started drawing out its troops, leading to the Taliban making rapid advances in the nation, capturing its provinces as, on August 15, it entered Kabul and gained control of the presidential palace, after which President Ashraf Ghani fled the nation, saying he did this to 'avoid bloodshed.' 

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