INSUBCONTINENT EXCLUSIVE:
The World Bank Group said on Thursday its executive board endorsed a new approach to aiding Afghanistan that will deploy some $300 million
from the bank&s International Development Association fund for poor countries through United Nations agencies and other international
organizations.The development lender said the funds would remain outside the control of the Islamic Emirate of Afghanistan (IEA) and would
complement Afghanistan Resilience Trust Fund (ARTF) donor financing in supporting critical basic services such as food, water, health,
education and jobs, Reuters reported.The shift marks the first time that the World Bank&s own funds would be sent to Afghanistan since the
IEA seized power in August 2021.The Bank&s new engagement with Afghanistan, dubbed &Approach 3.0,& will also revive a regional
infrastructure project that was paused after the IEA took control of the country, the Bank announced in a statement, AFP reported.Under the
approach, World Bank&s lending arm for some of the world&s poorest countries, known as the International Development Association (IDA), will
make available around $300 million over the next 15 months, subject to further board approval, a spokesperson told AFP.However, as with
other World Bank funding in the country, the new funding would be deployed &through grants to United Nations agencies and other public
international organizations,& the Bank said in a statement announcing the board decision.&These funds will continue supporting basic
services nationwide, particularly those benefiting women, and will be outside the control of the Interim Taliban Administration (IEA),& it
added.On Thursday, the World Bank also approved the resumption of a $1.2 billion clean energy project known as CASA-1000, which involves
three countries nearby to Afghanistan: Tajikistan, Kyrgyzstan and Pakistan.&Construction in the other three participating countries is
nearly complete and these countries have requested that CASA-1000 activities in Afghanistan resume to avoid the risk of the project becoming
a stranded asset,& the Bank said.As with the IDA funding, this project will be carried out in a way that ensures it does not involve the IEA
government&s systems, it added. The post World Bank endorses new Afghanistan approach which could unlock $300 million first appeared on
