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World Bank resumes payments to contractors and projects in Afghanistan
Afghanistan’s Ministry of Finance has announced that the World Bank will begin paying for projects and contracted companies whose documentation had been completed and processed before the Islamic Emirate came to power.
According to a statement released on Saturday, the World Bank owes nearly $45 million to various contractors. The payments will be made in four phases, in coordination with the Ministry of Finance.
In the first phase, the Bank will directly transfer $9.3 million to foreign contracting companies. The second phase, which has already started, involves the payment of $16.8 million to companies through the Ministry of Finance. Additional disbursements will follow in the third and fourth phases.
The ministry also confirmed that the World Bank’s office in Afghanistan has reopened and resumed its activities.