Mon, Oct

World Bank approves $120 million in fresh aid to Afghanistan


The World Bank’s Board of Executive Directors today approved $120 million in grants for Afghanistan and discussed the 2017-2020 Country Partnership Framework (CPF) that sets out the institution’s plans for supporting the country in ending poverty.

World bankThe $120 million in grants consists of $100 million to bring infrastructure and social services, including drinking water access for 3.4 million people, in all 34 provinces and four large municipalities. Another $20 million will strengthen Afghanistan’s financial sector, including improving the capacity of the central bank, Da Afghanistan Bank.
“Today’s discussion of a new country partnership framework and approval of new grants confirm the World Bank Group’s long-term commitment to Afghanistan,” said Annette Dixon, World Bank Vice President for South Asia. “We look forward to working actively with the Afghan people in their efforts to improve the economic and social conditions needed to lift all Afghans out of poverty.”