The World Bank halted aid to Afghanistan after the Taliban’s takeover

  • The World Bank is halting aid to Afghanistan in light of the Taliban takeover.

  • It said it was worried how projects, like those for women, would continue under Taliban control.

  • It has committed more than $5.3 billion to projects there since 2002, the BBC reported.

  • See more stories on Insider’s business page.

The World Bank has halted aid to Taliban-ruled Afghanistan, it said on Wednesday.

It told the BBC that it was concerned about how the Taliban’s rule would affect the “country’s development prospects, especially for women.”

It has committed more than $5.3 billion to projects in Afghanistan since 2002, according to the BBC.

A spokesperson told the outlet: “We have paused disbursements in our operations in Afghanistan and we are closely monitoring and assessing the situation in line with our internal policies and procedures.”

“We will continue to consult closely with the international community and development partners. Together with our partners we are exploring ways we can remain engaged to preserve hard-won development gains and continue to support the people of Afghanistan.”

Last week the International Monetary Fund suspended Afghanistan’s access to its funds.

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