The Kabul times, Afghanistan Trustable News Agency.
EconomicGovernmentNationalSocial

DAB welcomes WB’s $793 approval

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KABUL: The country’s central bank—Da Afghanistan Bank (DAB) has welcomed the approval of 793million U.S. dollar projects by the World Bank, a statement from the bank said Saturday.
“Da Afghanistan Bank (DAB) welcomes The Afghanistan Reconstruction Trust Fund and the World Bank decision over the implementation of three projects worth 793 million U.S. dollars which will provide services in the fields of preparing food, livelihood, and health services to the needy Afghans,” the statement said.
The World Bank and Afghanistan Reconstruction Trust Fund (ARTF) Management Committee have recently approved three projects totaling $793 million that will provide urgent and essential food, livelihood, and health services to the people of Afghanistan, said a World Bank announcement.
The fund is intended to provide aid to the public outside of the Islamic Emirate’s control. “The project will focus on wheat production, supporting about 300,000 households in the November 2022 planting season
and another 300,000 households in the March-November 2023 planting season. The project will support the nutritional needs of children, people with disabilities or chronic illness, and households
headed by women by providing seeds and basic tools for backyard kitchen gardening and technical
training on improved nutrition and climate-smart production practices,” the World Bank said in a statement. “About 150,000 women will receive training in cultivation and nutrition.”
The Islamic Emirate once again said that aid should be provided to the people in coordination with the current Afghan government. “The Islamic Emirate wants the funds that were allocated for Afghanistan in the past to be provided to the needy people of Afghanistan. The Islamic Emirate is ready for any kind of
cooperation in this area,” said Inamullah Samangani, deputy spokesman for the Islamic Emirate. “The Central Bank appreciates the decision of the World Bank and Afghanistan Reconstruction Trust Fund (ARTF) to provide food materials, health services and livelihood resources to the people of Afghanistan,” said Sabir
Momand, a spokesman for the Central Bank, as quoted by the statement.
Earlier, the World Bank allocated a $1 billion package of humanitarian aid for Afghanistan.
Shaibani

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The Kabul times, Afghanistan Trustable News Agency.