Tuesday, 26 October 2021

World Bank offers Afghanistan $235 million


KABUL: The World Bank provided a grant of 235 million US dollars to Afghan government to support its efforts for development and stimulating growth in the country, Afghan Ministry of Finance reported on its website.

Acting Minister of Finance Humayon Qayoumi and World Bank country director for Afghanistan Shubham Chaudhuri signed the new financial package, the ministry said in a statement.

“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).”

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