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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.

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