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Thursday, 15 June 2017

World Bank approves over $500 million for Afghanistan to boost economy


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 international troop withdrawal, which began in 2011, and political uncertainties have impacted Afghanistan’s economy deeply. The largest chunk of the package, some 205.4 million dollars, will go toward supporting communities affected by refugees returning from Pakistan.

Important Takeaways for IBPS PO Exam-
  • Jim Yong Kim is the President of World Bank and its headquarters is in Washington, D.C, USA.
  • Kabul is the Capital of Afghanistan.
  • Ashraf Ghani is the Present President of Afghanistan.
Source- The Indian Express



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