Pajhwok Services

SMS News Service

Photo Service

Election Coverage

Special Mining Page

Afghan Peace Process Special Page

Addvertise With Pajhwok

Daily Newsletter

Language
Sending Time (GMT / Kabul time)

Suggest a Story

Pajhwok is interested in your story suggestions. Please tell us your thoughts by clicking here.

ADB OKs $878m for uplift projects in Afghanistan

ADB OKs $878m for uplift projects in Afghanistan

By
On
May 03, 2016 - 13:13

KABULinfo-icon (Pajhwok): The Asian Development Bank (ADB) has committed a grant allocation of $858 million for project financing and $20 million for disaster reduction activities in Afghanistaninfo-icon for 2017 to 2020, the Ministry of Finance said on Tuesday.

The grant allocation for the four-year period was discussed at the third and concluding meeting of the11th replenishment of the Asian Development Fund (ADF-ADB grant window, on May 1, 2016.

Minister of Finance Eklil Hakimi participated in the ADB annual meeting in Germany on May 2. On the sidelines of the meeting, he discussed the implementation and funding of development projects with ADB officials.

A statement from the ministry quoted Hakimi as saying: “This grant will enable us to implement large infrastructure projects in energy, transport, and water infrastructure sectors and bring us closer to our aspiration of becoming a self-reliant country”.

ADB Country Director Thomas Panella stated: “All in all, the ADF contributions remain strong and ADB should be able to retain its commitment to Afghanistan as its lead infrastructure development partner.”

Hakimi and ADB Vice-PresidentWencai Zhang discussed the Brussels Conference on Afghanistan, development projects, Afghanistan’s priorities.

ADB’s annual meeting, running from May 2 to 5, will draw over 3,000 finance ministers, central bank governorsand other government officials, business leaders, investors, journalists, and representatives from civil societyinfo-icon.

pr/mud

Related Article


Download “Pajhwok” mobile App, on your smartphone to read and access latest news, features, interviews, videos and photos about Afghanistan.

   

Add new comment

Advertisement

Advertisement

Twitter Update