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Afghanistan signs € 125mn agreement with EU

in Afghan Business

Afghanistan signs € 125mn agreement with EU

Afghan Finance Minister Eklil Hakimi signed an incentive program agreement in the framework of mutual accountability, amounting to € 125mn, with the European Union on May 12, 2016 in Brussels.

During his trip, he met EU High Representative Federica Mogherini and the minister of Foreign Affairs and Development of the 28 EU Member States during the EU Foreign Affairs Committee’s session.

Mogherini reaffirmed € 200mn in annual aid to Afghanistan until 2020 and stressed that “helping Afghanistan not only helps the Afghan people, but it is also an investment into our security and stability in Europe”.

Minister Hakimi briefed the session about the new Afghan National Development Framework and talked about the recent economic achievements of the National Unity Government. He also highlighted the Afghan government’s expectations from the upcoming Brussels Conference on Afghanistan, which is slated for October 4-5, 2016.

Later in the day, he joined a Brussels based Think Tank session organized by Friends of Europe, where he talked about economic opportunities and the recent development in Afghanistan.

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