World Bank reopens Kabul office after hiatus, agrees to repay $50 mn for previous project works
Kabul, May 19 -- The World Bank has reopened its Kabul office nearly four years after suspending operations in Afghanistan, following the US' retreat from the country and the Taliban's return to power in August 2021.
The Taliban-led Ministry of Finance announced that the World Bank has agreed to repay around 50 million dollars (£39m) owed to Afghan logistics and construction companies for work carried out under previous projects, reports Khamma News.
The payments, the ministry said, will be made in four instalments, with an initial $10.8 million (£8.5m) to be disbursed directly to the companies. The remaining $39.1 million will be routed through the Ministry of Finance in three further phases.
The international body's re-engagem...
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