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EU to grant 1.5bn Euros to Afghanistan until 2017

in Afghan Business

EU to grant 1.5bn Euros to Afghanistan until 2017

Finance Minister Omar Zakhilwal announced on Monday that the European Union has vowed 1.5bn Euros in aid to Afghanistan until 2017.

The EU also promised to continue economic cooperation with the Afghan government.

EU Ambassador Vygaudas Ušackas said the European Union remained committed to support development projects, specifically in the agriculture sector. Ušackas also promised EU’s supports for a transparent presidential election in 2014. “The contract signed with the Afghan government proves European Union’s long-term commitment to Afghanistan beyond 2014.”

According to Ušackas, 40mn Euros of the aid are earmarked for good governance in Afghanistan, and 20mn Euros for improving the justice sector. The remaining 20mn would be withheld due to lack of improvement in the human rights situation.

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