English | دری

Afghanistan to receive USD 858mn grant for infrastructure building

in Afghan Business

Afghanistan to receive USD 858mn grant for infrastructure building

The Asian Development Bank (ADB) has joined hands with several donor countries to provide USD 858mn grant to Afghanistan for its infrastructure development from the year 2017 to 2020.

The announcement was made during a meeting between Afghanistan’s Deputy Finance Minister Mustafa Mastoor and ADB’s president, Takesiko Nako, Vice President, Executive Director for the United States Robert Orr and other members of the executive committee.

The ADB leadership assured to remain a reliable partner to Afghanistan and support Afghanistan for years to come.

Afghanistan is a founding member of ADB, which was established in 1966. ADB resumed its partnership with the Government of Afghanistan after a hiatus from 1980 to 2001. ADB and other development partners support the Afghanistan National Development Strategy and national priority programs, which remain the agreed basis of the partnership. ADB is committed to support Afghanistan in the long term during the post-transition period beyond 2014. ADB recognizes the current political and security challenges and believes that positive economic activities and regional cooperation are key factors that will bring peace and prosperity to Afghanistan.

As of 31 December 2014, cumulative lending to Afghanistan totaled $1.0 billion, and grants amounted to $3.0 billion. Overall ADB assistance is fully aligned with the government’s priorities in the infrastructure sectors of transport, energy, and natural resources. Support also focuses on economic management.

For more information on ADB’s role in Afghanistan, please click here.



Related Articles

1-5 Afghani notes not acceptable in the market

A number of Herat residents have expressed concerns about the decline in the circulation of 1-5 Afghani banknotes in the

Thirty one NSP projects completed in Kabul Province

With a cost of more than 45,593,000 AFN 31 projects of the National Solidarity Program of the Ministry of Rural

Afghan government yet to provide land for Kabul industrial park

The Afghanistan Investment Support Agency urged the government to fulfill its promise of allotting lands for an industrial park in

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Your e-mail address will not be published.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*

Time limit is exhausted. Please reload the CAPTCHA.