WASHINGTON (Dispatches) - The World Bank has suspended disbursements in Afghanistan, which has recently been taken over by the Taliban, the financial body stated following a board meeting on the issue.
“We are deeply concerned about the situation in Afghanistan and the impact on the country’s development prospects, especially for women,” the spokesperson said, adding that the World Bank was closely monitoring the situation in the country.
At the same time, the Washington-based lender said it was exploring ways to remain engaged in Afghanistan and preserve development gains, and would continue to support the people of the country.
“We are closely monitoring and assessing the situation in line with our internal policies and procedures,” the spokesperson said. “As we do so, we will continue to consult closely with the international community and development partners.”
Last week, the U.S. Treasury Department said it would block the Taliban’s access to $460 million in reserve assets that the International Monetary Fund (IMF) was planning to send to Afghanistan.
Washington also suspended bulk shipments of U.S. dollars that were to be transferred to the country in order to keep the funds out of the hands of the Taliban.
Afghanistan’s central bank has around $9 billion in reserves, nearly all of which are stored outside the country.