Ministry of Finance has announced in a statement that, following negotiations with representatives of the World Bank, the Bank has agreed to reopen its office in Kabul, settle outstanding debts, and complete unfinished projects in Afghanistan.
According to the statement, the World Bank owes approximately $50 million to logistics and construction companies in Afghanistan. The debt will be repaid in four phases, in coordination with the Ministry of Finance.
According to the source, In the first phase, the World Bank will directly disburse $10.8 million to the companies, while the remaining $39.11 million will be paid through the Ministry of Finance in the subsequent phases.
Ministry of Finance has described this step by the World Bank as a significant financial development, stating that the resumption of development projects will create job opportunities and contribute to economic growth in the country.
