World Bank chief says Afghanistan aid resumption unlikely

Published by
Al-Araby

World Bank President David Malpass indicated Monday that the institution is unlikely to resume direct aid to Afghanistan, after suspending financing at the end of August when the Taliban seized power. “I would not envision us operating inside given the full breakdown” of the economy, he said in a conversation at the Center for Strategic and International Studies (CSIS). “One of the challenges is the payment system,” he said, noting that “there’s not the ability to have money actually flow, given what the current government is doing.” The Washington-based development lender paused aid in August…

Read More