English | دری

United States to pledge USD 800mn to Afghanistan under New Development Partnership

in Afghan Business

United States to pledge USD 800mn to Afghanistan under New Development Partnership

Afghan Minister of Finance Hakimi, the U.S. Ambassador to Afghanistan P. Michael McKinley, and the USAID Mission Director William Hammink signed a Memorandum of Understanding for the New Development Partnership on August 3, 2015.

The New Development Partnership reflects the strategic importance of the U.S.-Afghanistan relationship and recognizes a new era of development cooperation between our governments. This initiative delivers on the commitment made during Afghan President Ashraf Ghani’s March visit to Washington during which President Barack Obama pledged to support the Afghan National Unity Government’s efforts to achieve its own ambitious reform agenda.

Afghanistan’s Minister of Finance Eklil Hakimi thanked the U.S. for its generous support with the New Development Partnership, under which the U.S. will provide up to $800 million to Afghanistan in budget assistance to maintain and build on the development gains made over the last 13 years.

U.S. Ambassador P. Michael McKinley remarked that the New Development Partnership represents a fundamental transformation in the nature of development cooperation between our two countries. It empowers Afghan solutions to Afghan challenges, by incentivizing and rewarding Afghan successes.


Tags assigned to this article:
Afghanistan USAIDUSAID

Related Articles

Major ring road in Kunduz reconstructed

A major ring road in Kunduz province has been reconstructed and inaugurated with financial collaboration from Germany. Costing USD 6mn,

A Russian company to build 100,000 residential buildings in Afghanistan

Russian company Yustock has reported of investing in the housing sector of Afghanistan. The company officials said that Afghanistan and

Paktia in need of market for their apples

Paktia apple orchard owners have called on the government to establish a proper market for their apples. According to Pajhwok

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Your e-mail address will not be published.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.