English | دری

Afghanistan receives $83.5mn from WB for bringing reforms

in Afghan Business

Afghanistan receives $83.5mn from WB for bringing reforms

The Afghan Ministry of Finance announced receiving USD 83.5mn in incentive funds from the World Bank on Monday.

“The donation from the World Bank is based on Afghanistan’s commitments to successfully implement reforms in key sector,” said the statement from the Finance Ministry.

According to the statement, this fund would be spent through Discretionary budget given government priority.

“The mentioned funds, includes US $ 900 million that ministry of finance would receive in return to  bring reforms in income resources,  organizational reforms, tax management, aid effectiveness and provincial budget within three years.”

President Mohammad Ashraf Ghani assured the donors at the Brussels Conference in October 2016 that his country was committed to making peace and to constructive politics.

International donors pledged USD 15.2bn in Brussels in aid to help Afghanistan until 2020. The amount is only slightly less than the USD 4bn a year that the international community promised at the last Afghanistan conference in Tokyo in 2012.



Related Articles

New Year Festival, a good opportunity for marketing Afghan products

On the days of Mila Gul-e-Surkh in Mazar-e-Sharif, sales of Afghan products witness a drastic increase. Mila Gul-e Surkh, the

Lapis Lazuli railroad project to be completed in 3 months

The Lapis Lazuli railroad project is slated for inauguration in the next two to three months. The announcement was made

Iran, Afghanistan willing to boost trade ties

Afghanistan Commerce Ministry spokesman Wahidullah Ghazi Khail announced Monday that Kabul is interested in fostering trade ties with Tehran. According

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*