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Reuters
Reuters
Business

World Bank board backs plan to shift $1 billion from frozen Afghan trust fund -source

FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo

The executive board of the World Bank on Tuesday approved a plan to use more than $1 billion from a frozen Afghanistan trust fund to fund urgently needed education, agriculture, health and family programs, a source familiar with the decision said.

The move, which will bypass sanctioned Taliban authorities by disbursing the money through U.N. agencies, will provide a major boost to efforts to ease the country's worsening humanitarian and economic crises.

(Reporting by Andrea Shalal; Editing by Leslie Adler)

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