The World Bank will neither increase nor cut back its aid to Afghanistan. “We will support the Afghan government and people with about USD1.1 billion over five years, very similar to what we did in the past,” World Bank Managing Director Ngozi Okonjo-Iweala revealed. The Central Asian nation is hoping to raise USD50 billion during a donor meeting in Paris today. Okonjo-Iweala indicated that grants will compose the bulk of the sum but clarified that funding will hinge “on the progress that [Afghan authorities] make in those areas that have been outlined,” particularly in promoting the rule of law and improving the judiciary.
Source: World Bank to pledge USD1.1 billion to Afghanistan (Reuters)