KABUL: Reuters reported that the World Bank has announced $300 million in aid to Afghanistan.
The aids were provided by the bank’s International Development Association fund.
It has been said that this money will be spent in Afghanistan through the United Nations.
A World Bank spokesperson told the media that based on the approach known as the “International Development Association,” which supports the poorest countries, $300 million will be allocated to Afghanistan in the next 15 months.
After the reestablishment of the Islamic Emirate, this is the first time the World Bank allocates money to Afghanistan.
The World Bank also announced in a part of its statement that the work on the Central Asia-South Asia Electricity Transmission and Trade Project in Afghanistan is being resumed.
The bank announced that the resumption of the project, which involves three countries – Kyrgyzstan, Pakistan, and Tajikistan, is at their request. Additionally, the statement noted that work on this project in three other countries is nearing completion.
The CASA-1000 project, valued at $1.2 billion, is said to transmit clean energy from Tajikistan and Kyrgyzstan through Afghanistan to Pakistan.