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Tokyo meet starts to raise mega funds for Kabul

Tokyo meet starts to raise mega funds for Kabul

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Jul 08, 2012 - 10:45

TOKYO (PANinfo-icon):  The Tokyo conference kicked off in Japan on Sunday with international donors trying to raising billion of dollars as civilian aid to sustain Afghanistaninfo-icon slow-paced economy.

Top officials from some 70 countries are gathering in Tokyo to chalk out development budget for Afghanistan, which is likely to face critical financial crunch after NATOinfo-icon forces leave in 2014.
United Nations secretary-general f Ban Ki-moon urged international community to continue their financial support to prevent Afghanistan plunge into another crisis and to sustain the decade-old achievements made in the country.
"Failure to invest in governance, justice, human rights, employment and social development could negate investment and sacrifices made over the last decade," he told a galaxy of international participants.
President Hamid Karzai, who is leading a high-level delegation, had earlier said Afghanistan needs close to $4 billion a year to sustain its fragile economy once foreign troops leave the country.
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