The World Bank has announced that it will undertake the Kasasa-1000 energy transfer project in Afghanistan to support the Afghan people, and this project will be completed in the near future.
According to the World Bank's announcement, the bank's executive board has approved a new modified approach, known as "Approach 3.0," to support the people of Afghanistan.
The World Bank's statement indicates that the Kasasa-1000 project is being undertaken at the request of three neighboring countries of Afghanistan to prevent this project from becoming a "stranded asset."
The Kasasa-1000 project is an energy transfer project from Tajikistan and Kyrgyzstan to Pakistan through Afghanistan, valued at $1.2 billion.
The World Bank has stated that work on this project has been almost completed in three other countries and only remains in Afghanistan.
The World Bank also announced that under its new approach, it will provide assistance to the people of Afghanistan through United Nations agencies and other international organizations.
