English | دری

The Republic of Korea’s USD 50mn aid to LOTFA

in Afghan Business

The Republic of Korea’s USD 50mn aid to LOTFA

republic of koreaKorean Ambassador to Afghanistan Seong-doo Ahn committed USD 50mn worth of aid on his country’s behalf for the improvement of Afghan police to the United Nations Development Program (UNDP)-supported Law and Order Trust Fund for Afghanistan.

Mr. Ahn signed the contract with the Country Director of UNDP, Alvaro Rodrigues, in the presence of Deputy Minister of Interior Ghulam Ali Wahdat.

Seong-doo Ahn said 21 percent of the funds would be used through Afghan government and the rest through UNDP for arranging training workshops, procurement, maintenance and operations of police facilities.

Earlier in the week, South Korea’s ambassador announced that his country has pledged USD 500mn in aid to Afghanistan, of which USD 100mn will be spent by next year.

He further added that USD 130mn from the aid money will be earmarked for Parwan province in the next five years.

According to the ambassador, South Korean government is considering to fund reconstruction projects in the country in addition to the USD 500mn pledged in aid.

Regarding the mismanagement of the aid, the diplomat said they had created a mechanism to monitor the assistance utilization process. Promising support to the country beyond 2014, he said they were convinced about Kabul’s commitment to fighting administrative corruption.

Related Articles

50,000 Afghans to receive training in Information Technology

The Ministry of Communication and Information Technology (MCIT) will provide trainings to 50,000 Afghans in information technology with financial collaboration

Kandahar Province does not receive development budget

Kandahar officials claimed that they did not receive their development budget of USD 35mn allocated for the current fiscal year.

USAID funds thermal power projects in Jawzjan province

Work on a thermal power project that costs USD 200mn has officially begun in Jawzjan province, said officials of the

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Your e-mail address will not be published.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.