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

Launch of the Afghan National Payment Switch: opening the gate to the global financial network

Afghanistan Payments Systems (APS) in close coordination with Da Afghanistan Bank (DAB) are launching a shared and Interoperable Card/Mobile Payment

Japan donates snow-clearing machines to Afghanistan

Eight snow-clearing machines have been donated to Afghanistan by the Japanese government, the United Nations Office for Project Services (UNOPS)

5 new foreign airlines to invest in Afghanistan

Afghan Ministry of Transport and Civil Aviation (MTCA) said that 5 new foreign airlines are willing to open routes to

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Your e-mail address will not be published.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.