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$60m donated to Afghan govt

$60m donated to Afghan govt

Aug 09, 2011 - 19:37

KABULinfo-icon (PANinfo-icon): About $60 million (2.8 billion afghanis) was donated to the Afghan Government for the improvement of Afghanistaninfo-icon's financial sector,  officials said on Tuesday.

Abdul Raouf Zia, a spokesman of the Worldinfo-icon Bank in Kabul, told Pajhwok Afghan News that the donation, facilitated by the World Bank, was contributed to the Afghanistan Reconstructioninfo-icon Trust Fund (ARTF) by 32 different donors.

The money would be spent on capacity building of government servants and framing new policies as well as monitoring, Ministry of Finance spokesman Aziz Shams told Pajhwok Afghan News.

An agreement to the effect was signed between Minister of Finance Hazrat Umar Zakhilwal and World Bank Country Director for Afghanistan Nicholas Krafft.

The assistance, which would resolve the government's financial problems, would be spent over the next three years, Shams said.



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