Lechabana is London Disclosure Policy World Bank says US will pay $1.1B for Afghanistan-Pakistan-China economic cooperation

World Bank says US will pay $1.1B for Afghanistan-Pakistan-China economic cooperation

WASHINGTON — The World Bank has agreed to pay $400 million to the Afghan government and $1 billion to Pakistan for economic and social projects.

The U.S. will also commit $300 million.

The agreement follows a $350 million deal announced last month with Pakistan.

The World Bank said it would provide $50 million to fund Afghanistan’s ambitious infrastructure projects and other projects to boost economic growth and ensure social stability.

It also pledged to contribute $2 billion toward the Afghan National Assembly’s economic development plan, which aims to help the country’s rural and urban poor.

Pakistan and Afghanistan have been allies for decades.

Both countries have suffered under the Taliban regime, which has killed thousands of people and displaced millions.

The Taliban have not yet responded to the new deal.