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Germany Commits AFN 5.1 Billion To Afghanistan

16 Apr 2019 Wadsam Afghanistan Business News

The German Ministry for Economic Cooperation and Development (BMZ) committed to investing about AFN 5.1 billion (EUR 59 million) in Afghanistan, focusing on good governance, sustainable economic development as well as urban development and municipal infrastructure.

An

additional AFN 8.7 billion (EUR 100 million) will be allocated to the

Afghanistan Reconstruction Trust Fund (ARTF).

In return

for investments, Germany expects the Afghan government to meet its commitments

to carry out reforms when it comes to fighting corruption, preventing violence

against women, promoting women’s rights and equal opportunities, as well as

transparency in the mining and extractives sector.

Therefore,

AFN 5.2 billion (EUR 60 million) of the envisaged total commitment of AFN 8.7

billion (EUR 100 million) allocated to ARTF will be subject to the

implementation of jointly agreed reforms. Furthermore, AFN 3.5 billion (EUR 40

million) of bilateral cooperation is to be invested in the energy sector are

conditional on concluding operation and maintenance guidelines for existing and

planned infrastructure projects –­­­­­ to ensure their sustainability.

Germany

remains committed to contributing to sustainable development, peace, and

stability in Afghanistan.

“Germany

remains committed as a reliable long term partner for the development of

Afghanistan and its people – as we always have in the past. Germany will

continue to support development in Afghanistan with funding up to EUR 430

million a year until 2020,” said Head of the Afghanistan/Pakistan division of the

German Federal Ministry for Economic Cooperation and Development (BMZ), Dr

Henning Plate.

The Afghan-German Cooperation aims at improving living conditions and future prospects of Afghan citizens – so they may enjoy lives not overshadowed by poverty, displacement, violence or extremism. Today, Germany committed to continue its support in fighting corruption, promoting girls and women, strengthening Afghan civil society, reforming public administration and fostering the enabling environment for private sector engagement. The Afghan Ministry of Finance’s Deputy Minister for Policy, Dr Naheed Sarabi: ‘The Afghan Government aims to achieve higher economic growth, develop friendly relations with neighboring countries, increase our revenues, create employment, reduce poverty, and end violent conflict, as outlined in the Growth Strategy and Afghanistan National Peace and Development Framework (ANPDF). Reaching these goals will enable us to achieve self-reliance as a nation. To get there, we are planning and investing in priority projects and programs as defined in the National Priority Programs (NPPs) that are long term, sustainable and that connect Afghanistan to the region and beyond.

“I also

would like to express my gratitude on behalf of Afghanistan to your government

and your people for the continuous support that development orientation we have

received since the beginning of our partnership. Germany has played a key role

in the reconstruction of Afghanistan and our cooperation has contributed to

substantial achievements in the implementation of our joint development agenda,”

said Dr. Sarabi.

To ensure

that development benefits all Afghan citizens, priorities include creating

lasting income-generating opportunities and supporting economic growth as well

as improving electricity and water supplies. These objectives are fully aligned

with priority policies, such as the ANPDF and NPPs.

The

Afghan-German Cooperation will also expand cooperation with reform partners on

the Afghan side and increasingly make use of incentives to promote

transparency, Afghan ownership and development orientation.  

Since

2001, the German government has invested about AFN 345 billion (EUR 4.06

billion) in Afghanistan.

The post Germany Commits AFN 5.1 Billion To Afghanistan appeared first on Wadsam.

Original Link: https://wadsam.com/afghan-business-news/germany-commits-afn-5-1-billion-to-afghanistan/

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