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Reuters
Reuters
Business
Andrea Shalal, Jonathan Landay and Arshad Mohammed

Exclusive-World Bank proposal would shift about $1 billion from Afghan trust

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/File Photo

The World Bank's management has approved a plan to use some $1 billion in a frozen Afghanistan trust fund for education, agriculture, health and family programs, according to a bank paper and two sources, in what would be a major boost to efforts to ease the country's worsening humanitarian and economic crises.

The plan, outlined in the paper seen by Reuters on Friday, is to bypass sanctioned Taliban authorities by disbursing the money in the World Bank-administered Afghanistan Reconstruction Trust Fund (ARTF) through U.N. agencies.

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