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Expansion and intensification of Afghan German Development Cooperation

in Afghan Business

Expansion and intensification of Afghan German Development Cooperation

Today, the Minister of Finance of the Islamic Republic of Afghanistan, Dr. Hazrat Omar Zakhilwal (MoF), and Dirk Niebel, Federal Minister for Economic Cooperation and Development (BMZ) of the Federal Republic of Germany, officially signed the summary record of the governmental negotiations on Afghan-German Development Cooperation in 2012.

At the government negotiations, which were held on 5 / 6 March 2012 in Berlin, the committ
ed up to 240 million Euros (approx. 312 million USD) for Afghan German development cooperation in 2012. Both sides agreed to continue the joint cooperation in the following priority areas: sustainable economic development, basic education and vocational training, improving energy and water supply and strengthening good governance. From a regional perspective Kabul as well as five provinces in Northern-Afghanistan remain the core regions for bilateral cooperation.

In this context Minister Zakhilwal pointed out: “Although German entrepreneurs have not shown much interest in Afghanistan yet, Afghanistan has huge potentials for doing business, in particular when it comes to the mining sector. To jointly explore and exploit the rich mineral resources would be for the benefit of all partners involved.”As it was the case in 2011 the newly committed funds for development cooperation shall be disbursed in several tranches in the course of the year 2012. In this regard Minister Niebel said: “The key for stabilization and development in Afghanistan lies in the Afghan Government’s hands. As good friends we want to support our Afghan partners in their endeavors to implement urgently needed reforms. Concrete, realistic and achievable conditions for disbursements of our financial means will serve as a lever in this regard.”

Both Ministers shared the opinion that in the course of the transformation decade a growing private sector engagement is indispensable in order to generate a sustainable economic growth offering income and employment opportunities and leading to increased public revenues.

Source: Ministry of Finance

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