WB approves over $500 million for Afghanistan to boost economy

Written by June 14, 2017 10:16

New Delhi: The World Bank has approved financing worth more than 500 million dollars for Afghanistan to support a string of projects to boost the economy, help improve service delivery in five cities and support Afghan refugees sent back from Pakistan.

The bank said the international troop withdrawal, which began in 2011, and political uncertainties have impacted Afghanistan’s economy.

The largest chunk of the package, some 205.4 million dollars, will go toward supporting communities affected by refugees returning from Pakistan.