CURRENT AFFAIRS

Detailed explanation-1: -WASHINGTON (Reuters)-The World Bank on Tuesday approved financing worth more than $500 million 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.

Detailed explanation-2: -A total amount of $333 million will be released in two tranches: $169 million, which includes $150 million from ARTF and $19 million from the Global Financing Facility (GFF), and $164 million from ARTF.

Detailed explanation-3: -The World Bank In Afghanistan. The World Bank, in close coordination with the international community, development partners, and the Afghanistan Reconstruction Trust Fund (ARTF) donors, is unlocking ARTF funds to support the Afghan people and deliver critical health, education and livelihoods support.

Detailed explanation-4: -Afghanistan International Bank remains a standout in this troubled country: the only bank with US dollar clearing through a recognized international bank, and therefore a vital conduit for global financial links at a critical time.