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World Bank proposal would shift about $1 billion from Afghan trust

  • By Al Mayadeen Net
  • Source: Agencies + Al Mayadeen Net
  • 19 Feb 2022 14:48
  • 1 Shares
2 Min Read

As millions of Afghan children struggle to survive severe food shortages during a harsh winter and economic crash, the World Bank's management approves a plan to shift about $1 billion from Afghan trust.

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  • Demonstrators in Kabul protested US President Joe Biden's decision
    Demonstrators in Kabul protested US President Joe Biden's decision

The World Bank's management has supposedly approved a plan to use $1 billion from a frozen Afghanistan trust fund for education, agriculture, health, and family programs after US President Joe Biden’s decision to seize $7 billion from the poverty-stricken country's frozen assets.

The strategy, stated in a paper seen by Reuters on Friday, aims to avoid sanctioned Taliban authority by disbursing funds through United Nations agencies into the World Bank-managed Afghanistan Reconstruction Trust Fund (ARTF).

It will be reviewed by the World Bank board of directors on March 1, according to persons familiar with the plan who spoke on the condition of anonymity to Reuters. Donors to the fund would then have to provide their consent before any money could be released.

Last month, United Nations Secretary-General Antonio Guterres urged the release of the remaining $1.2 billion in the fund to help Afghans survive the winter, emphasizing that "time is of the importance."

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It is worth mentioning that demonstrators in Kabul have recently protested US President Joe Biden's decision to release $7 billion in frozen Afghan funds to be shared between "humanitarian assistance" for Afghanistan and American victims of "terrorism", including 9/11 families, affirming that the money belongs to Afghans. Biden’s order sparked outrage on social media storm with the hashtag #USA_stole_money_from_afghan trending among Afghans on Twitter.

The United States seeks revenge for its defeat of the oppressed and poor people of Afghanistan...#USA_stole_money_from_afghan pic.twitter.com/hNBTpYv0GU

— Rohullah Parwani (@rohparwani) February 11, 2022

"The theft of blocked money belonging to the people of Afghanistan by the United States, as well as taking possession of it, is a showcase of the human and moral decline of the country and people," Taliban spokesperson Mohammad Naeem said on Twitter.

Meanwhile, the little children of Afghanistan are too weak to crawl or stand due to famine.

Millions of Afghan children are struggling to survive severe food shortages during a harsh winter and economic crash, as international aid was cut off following the hasty withdrawal of US occupation forces and the illegal sanctions imposed by Washington. Babies are too weak to crawl, stand, or walk. They appear to be bearing the burden of US occupation.

  • Afghanistan
  • US
  • Biden's administration
  • World Bank

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