Home / Afghanistan / WB Offers Afghanistan 235 mln USD for Development
WB gives 235 mln US Dollars to Afghanistan

WB Offers Afghanistan 235 mln USD for Development

KABUL – The World Bank provided a grant of 235 million US dollars to National Unity Government (NUG) to support its efforts for development and stimulating growth in the country, the Ministry of Finance said in a statement.
As per the statement, on Wednesday, Acting Minister of Finance, Humayon Qayoumi, and World Bank country director for Afghanistan Shubham Chaudhuri signed the new financial package.
“It will be implemented in line with the requirements and priorities of the government and the people of Afghanistan to support economic empowerment, service delivery and institutional reforms,” the acting finance minister was quoted as saying.
Out of the grant, some 75 million US dollars will finance “the Tackling Afghanistan’s Government HRM (Human Resource Management) and Institutional Reforms (TAGHIR) project, which will strengthen the capacity of selected line ministries. The grant also includes 25 million US dollars from IDA (International Development Association) and 50 million US dollars from ARTF (Afghanistan Reconstruction Trust Fund).”
“Access to job opportunities and better services is the most crucial need of Afghan people specially the returnees and internally displaced Afghans at this particular time. These new grants are a significant step forward in the path to help the government of Afghanistan strengthen its service delivery capacities and meet its key policy objectives through boosting institutional reforms,” said Chaudhuri in the statement.
(Sahar News)

Check Also

All Issues with Afghanistan Being Resolved Amicably, Shehryar Afridi

All Issues with Afghanistan Being Resolved Amicably: Shehryar Afridi

ISLAMABAD – Pakistan’s Minister of State for States and Frontier Regions (SAFRON) Shehryar Khan Afridi …