AFGHANISTAN: WORLD BANK SUSPENDS $600mn PROJECTS
![]() |
newsflixall.com |
With girls banned from returning to secondary schools, the World Bank has suspended four projects worth $600 million in Afghanistan, the BBC reported on Wednesday.
The projects were being prepared for implementation by United Nations agencies to support agriculture, education, health and livelihoods, the World Bank said, Pajhwok News reported.
Now the four projects will be presented to ARTF donors for approval only when the World Bank and international partners have a better understanding of the situation and confidence that the goals of the schemes could be achieved.
The US officials last week cancelled planned meetings in Doha with the Taliban over the decision to keep girls out of secondary school.
On March 1, the World Bank's executive board gave the go-ahead to a plan to use more than $1 billion from the ARTF fund to fund vital education, agriculture, health and family programmes.
A joint statement on Friday by the officials from 10 countries slammed the Taliban.
NZ airline plans to raise $1.5 bn
WELLINGTON: New Zealand's flagship airline on Wednesday announced a plan to raise $1.5 billion to hire more staff, buy new planes and expand its routes as it seeks to rebuild from deep losses caused by the coronavirus pandemic. Air New Zealand's shares were put in a temporary trading halt ahead of the announcement. Some of the new money would be used to pay back government loans