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ADB vice president assures Kabul of sustained support

ADB vice president assures Kabul of sustained support

Aug 11, 2015 - 17:54

KABULinfo-icon (Pajhwok): Wencai Zhang, vice president of Asian Development Bank (ADB) on Tuesday reaffirmed that the ADB would remain a reliable partner to Afghanistaninfo-icon and assured Bank’s continued support and engagement in the country for many years to come.

A statement from the Ministry of Finance said that Finance Minister Eklil Hakimi met Zhang here in Kabul. This is Vice-President Zhang’s first visit to Afghanistan after his appointment as the ADB Vice-President in December 2013.

The main themes of discussion between the ADB Vice-President and finance minister, the statement said revolved around infrastructure development, regional connectivity through ADB’s investments in railways, road and energy networks.

ADB is ranked fourth largest donors to Afghanistan, and the first multilateral with a portfolio of over $250 million per year, the statement added.

Noting the great support ADB is providing to Afghanistan, finance minister said: “The Afghan government sincerely appreciates ADB’s continued support for the economic development, particularly key infrastructure building, of Afghanistan, which has affected the lives and livelihood of every Afghan today.”

Besides ADB’s generous grant assistance to Afghanistan, ADB also administers the Afghanistan Infrastructure Trust Fund (AITF).

Discussing ADB’s Central Asia Regional Economic Cooperation (CAREC) project, finance minister praised ADB’s role in helping the region to become more prosperous and interdependent.

Afghanistan believes that improved economic cooperation and interdependency between Afghanistan and countries in the neighborhood not only helps bringing prosperity to the people of the region but it also promotes peace and mutual trust amongst the countries.








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