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Exclusive-World Bank backs using $280 million in frozen aid funds for Afghanistan

Added 12-01-21 07:04:02pm EST - “The World Bank's board has endorsed transferring $280 million from a frozen Afghanistan trust fund to two aid agencies to help the country cope with a faltering economy following the Taliban takeover and the U.S. withdrawal, two sources…” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “Exclusive-World Bank backs using $280 million in frozen aid funds for Afghanistan”. Below is an excerpt from the article.

WASHINGTON (Reuters) - The World Bank's board has endorsed transferring $280 million from a frozen Afghanistan trust fund to two aid agencies to help the country cope with a faltering economy following the Taliban takeover and the U.S. withdrawal, two sources familiar with the matter said on Wednesday.

The 31 donors to the World Bank-administered Afghanistan Reconstruction Trust Fund must approve the transfer before the funds could flow to the World Food Program and UNICEF, the sources said, saying the donors were expected to meet on Friday.

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