English | دری

EU approves aid package to Afghanistan worth 100 million Euros

in Afghan Business

EU approves aid package to Afghanistan worth 100 million Euros

The European Union (EU) approved on Monday an aid package worth 100 million Euros (USD 118 million) under a State Building Contract (SBC) to support implementation of key reforms in Afghanistan.

“The allocation approved today is a very tangible demonstration of the EU’s long-standing commitment to Afghanistan and its people. Following an overall positive review of progress on key reform commitments, the EU’s State Building Contract makes a direct contribution to the National Budget and provides the Government of Afghanistan with substantial financial resources and flexibility to allocate these where they are most needed,” EU Special Representative and Head of Delegation Franz-Michael Mellbin said as quoted in the statement from the Delegation of the EU to Afghanistan.

The package is aimed at ensuring macroeconomic stability, improving public financial management, state budget transparency and development policies.

According to Afghan Finance Minister Eklil Hakimi, the approval of this allocation means that Afghanistan has been making significant progress in crucial areas such as public policy, macroeconomic, financial management and budget transparency and oversight.

The SBC supports the Government of Afghanistan to implement the reform agenda presented at the Brussels Conference on Afghanistan held in October 2016, as set out in the Afghanistan National Peace and Development Framework and the associated National Priority Programs, to promote effective governance, women’s economic empowerment and basic service delivery (Citizens’ Charter).



Related Articles

Construction of two water canals begins in Samangan Province

Work on the construction of a potable water canal and an irrigation canal was inaugurated in Samangan province. The projects

Major Food Items’ Prices Decline in Kabul

The price of a 50-Kg bag of Brazilian sugar went down from 2,014 afs to 2,000 afs, and the same

Steel mill in Kandahar creates hundreds of jobs

Investment in a steel mill will create 250 direct jobs and 100 indirect jobs in Kandahar Province. The United Sates

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Your e-mail address will not be published.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.