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China offers USD 327mn in aid to Afghanistan through 2017

in Afghan Business

China offers USD 327mn in aid to Afghanistan through 2017

china afgChina has pledged USD 327mn in aid to Afghan government following a meeting on Tuesday between China’s President Xi Jinping and his Afghan counterpart Ashraf Ghani.

The aid commitment, running through 2017, comes as US troops are withdrawing and Afghanistan is seeking to strengthen ties with China and other regional powers.

President Ghani took office after a lengthy elections impasse that ended with the formation of a unity government.

The Afghan government is currently facing a revenue shortfall that has sparked uncertainty accompanied by deterring investment and plummeting revenue collections.

Ghani is expected to take part in a ministerial meeting of the Heart of Asia-Istanbul process, where representatives from regional countries will discuss Afghanistan-related issues.

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