The World Bank has frozen its aid to Afghanistan following the Taliban takeover.

The World Bank has suspended financial aid to Afghanistan after the Taliban took over the capital city of Kabul.

The World Bank has suspended financial aid to Afghanistan after the Taliban took over the capital city of Kabul.Taliban forces have taken control of Afghanistan after president Ghani fled the country and withdrawal from U.S. and NATO forces. The government collapsed as the military did not offer any resistance, and the U.S. forces did not offer any support. Many countries have not recognized the legitimacy of Taliban rule.

In the backdrop of uncertainty looming in the country, the World Bank has halted disbursements of aid money to Afghanistan. The move follows a decision by the IMF and Biden administration to freeze the payments allocated to Afghanistan. The World Bank said that it is concerned about the developmental prospects in Afghanistan and is closely monitoring the situation. The bank has spent more than $5.3bn since 2002 for reconstruction and development projects in the country.