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Afghanistan Receives $2.48bn in Fresh Aid

The international community has pledged to contribute $2.485 through the Afghanistan Reconstruction Trust Fund (ARTF), the largest source of on-budget financing for Afghanistan’s development, over the next three years.  The aid will support the government’s poverty reduction, service delivery and

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Afghanistan receives $500mn finance package from World Bank

The World Bank today announced a financing package for Afghanistan of more than $500 million to help the country through a difficult phase in its struggle to end poverty and to signal a long-term commitment to the country’s people. The

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World Bank pledges $1.2mn to support Afghan micro-business

The World Bank (WB) has pledged to donate USD 1.2mn to support Afghan micro-business with cooperation from Afghanistan’s Ministry of Labor, Social Affairs, Martyrs and Disabled. The program, aimed at expanding Afghan labor markets, involves supporting 2,500 entrepreneurs in three

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EU pledges €90.5 million for Afghanistan’s rural development

By Ahmadshah Ghanizada: The European Union (EU) has pledged €90.5 million in aid for rural development projects in Afghanistan, officials said Tuesday. Afghan Finance Minister Hazrat Omar Zakhilwal said the Ministry of Rural Rehabilitation and Development (MRRD) will use the

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Afghan Government signs 18 agreements with local construction companies

Afghan Ministry of Public Works signed 18 construction projects’ agreements with local construction companies on Tuesday. The projects include road and bridge construction that will be implemented in Baghlan, Nooristan, Nimroz, Khost, Pakisa and Ghazni provinces. Of the 18 projects,

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Work on development projects launched in Takhar province

As many as 17 development projects are going to be implemented in Takhar province at an estimated cost of USD 4mn provided by Japan, the World Bank, India and funds from the Afghan government’s development project. Provincial rural development director,

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Afghan government signs 4 key projects with the World Bank

The Afghan Finance Minister Hazrat Omar Zakhilwal signed agreements on four key development projects with the World Bank (WB) on Saturday. Worth USD 255.50mn, the projects include CASA-1000, Non-Formal Approach to Training Education and Jobs in Afghanistan (NATEJA), Kabul Municipal

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World Bank-funded construction projects being executed

Construction projects, funded by the World Bank at a total cost of 226 million AFN, are being implemented under the Public Works Ministry’s National Rural Support Program in various provinces. Agreements to that effect have been signed with six local

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Kabul to launch credit registry system to manage loans

An online public credit registry system is being established in Kabul city to manage loans and facilitate transactions. Funded by the World Bank, the project is being implemented by the Da Afghanistan Bank (DAB) at a total cost of USD

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World Bank grants USD 50mn to improve Access to Finance in Afghanistan

The World Bank approved today a US$50 million grant, through International Development Association (IDA) to support the government’s efforts to improve access to credit for micro, small and medium enterprises in Afghanistan. The Afghanistan Access to Finance Project will be

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World Bank funds construction of a road in Laghman

A 14-km road connecting Mehtarlam with Qarghayee district was inaugurated in eastern Laghman province. Funded by the World Bank, the road was built at a cost of about USD 2 million. The road consists of 69 bridges and 643 meter

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Afghan Public Works Ministry signs 8 road construction contracts

Public Work Ministry has signed 8 contracts on road construction projects in 4 provinces. Deputy Minister Mohammad Akbar Barekzai said the projects were funded by the World Bank. Costing USD 7 million, the projects include road graveling and asphalting in

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A new school to open in Helmand

The foundation stone of a classroom school was laid in Naadali district of Helmand province, reported local officials. “The school is built Nawrozia area of Naadali and consists of 10 classrooms,” said director of Education in Helmand province. Costing USD

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World Bank grants USD 50mn for economic growth and fiscal sustainability in Afghanistan

A USD 50 million grant, to finance to the Government of Afghanistan’s efforts for promoting economic growth and fiscal sustainability, was signed today between the Ministry of Finance and the World Bank. The grant is being provided by the International

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World Bank donates USD 75mn to Afghan Agriculture Ministry

In a bid to strengthen Afghanistan’s agriculture sector, the World Bank (WB) granted USD 75mn in aid to the Afghan Agriculture and Livestock Ministry. An agreement to that effect was signed between Afghanistan’s Finance Ministry and officials of the World

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World Bank donates USD 75mn to Afghan Agriculture Ministry

In a bid to strengthen Afghanistan’s agriculture sector, the World Bank (WB) granted USD 75mn in aid to the Afghan Agriculture and Livestock Ministry. An agreement to that effect was signed between Afghanistan’s Finance Ministry and officials of the World

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World Bank donates USD 75mn to Afghan Agriculture Ministry

In a bid to strengthen Afghanistan’s agriculture sector, the World Bank (WB) granted USD 75mn in aid to the Afghan Agriculture and Livestock Ministry. An agreement to that effect was signed between Afghanistan’s Finance Ministry and officials of the World

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World Bank donates USD 75mn to Afghan Agriculture Ministry

In a bid to strengthen Afghanistan’s agriculture sector, the World Bank (WB) granted USD 75mn in aid to the Afghan Agriculture and Livestock Ministry. An agreement to that effect was signed between Afghanistan’s Finance Ministry and officials of the World

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$50 Million Grant to Boost Economic Growth and Fiscal Sustainability in Afghanistan

The World Bank today approved a US$50 million grant, through International Development Association (IDA), to help Afghan Government reinforce legal, regulatory and institutional reforms. The Development Policy Programmatic Series: “Promoting Economic Growth and Fiscal Sustainability”, which is a series of two

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Infrastructure projects to be implemented in 3 provinces

Under a contract signed between the Afghan Ministry of Public Works and the World Bank, infrastructure projects would be implemented in 3 provinces. The projects included a 60km road in Badakhshan, 48km road in Bamyan, 28km in Kunduz, a 68m

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World Bank to fund electric dam project on Kunar River

The World Bank has pledged to finance construction of an electric dam project on Kunar River, said Ministry of Water and Energy officials. The project has the capacity to produce 1200MW of electricity and generate employment opportunities to many Afghans.

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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 from the World Bank. The graduates will be introduced to the government and private sector to grab possible job opportunities,

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Ready to support Afghanistan through 2014 transition and beyond-World Bank

The World Bank Group is strongly committed to helping the people of Afghanistan by promoting growth and reducing poverty during and beyond the withdrawal of Western security forces in 2014, World Bank Group President Jim Yong Kim said. Making his first

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WB funds the New Market Development Program in Afghanistan

The World Bank had pledged USD 22mn in aid to the Afghan government for the development of Afghanistan’s market system through the New Market Development Program. The development objective of the New Market Development Project is to help in the

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OIC supports establishment of an Islamic International University in Afghanistan

The Organization for Islamic Cooperation (OIC) has approved the proposal for the establishment of an Islamic International University in Afghanistan. The participants of the Summit called on the World Bank to support the project. “Establishment of the Islamic International University

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