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WB pledges continued support for Afghanistan

WB pledges continued support for Afghanistan

Sep 26, 2016 - 10:08

KABULinfo-icon (Pajhwok): The Worldinfo-icon Bank has pledged continued support for Afghanistaninfo-icon, praising the government’s preparations for the ministerial conference in Brussels in October.

World Bank Senior Vice President for Operations Kyle Peters, during a two-day visit to Kabul, met President Ashraf Ghani, Chief Executive Abdullah Abdullah and a number of cabinet members, including Minister of Finance Eklil Ahmad Hakimi.

Accompanied by Annette Dixon, World Bank vice president for the South Asia Region, Peters said: “The World Bank Group will stay the course in supporting the people of Afghanistan in these challenging time.”

According to a statement from the World Bank, Peter commended the government for its achievements in the last two years under difficult circumstances, and preparation for the conference.

“It will be important for Afghanistan to signal before and after the conference a commitment to implement key policy reforms, building on the achievements of recent years,” he said.

The World Bank’s analytical work highlights the need for continued high levels of aid, with more assistance provided through the government budget to maximise local economic impacts and ensure that government can finance its priority programmes.

With adequate assistance, policy reforms, private sector development and investment in social services, Afghanistan has the potential to move to a sustainable higher growth trajectory, driven by agricultureinfo-icon and extractives.

Peter said: “Even with the risks involved, mining represents a vital complement to agriculture, providing the only viable source of government revenues and foreign exchange earnings with which to offset expected declines in aid.”

Henoted the alignment of the World Bank Group’s (WBG) upcoming Country Partnership Framework (CPF) for Afghanistan with the draft Afghanistan National Peace and Development Framework (ANPDF).

The Framework lays a foundation for the next four years of collaboration between the WBG and the government. It recognises the political and economic uncertainty facing Afghanistan as the government grapples with a range of challenges from insecurity to stagnating growth and rising levels of poverty.



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