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Afghanistan to get $30m in incentive funding.

KABUL (Pajhwok): The United States Agency for International Development (USAID) will release id="mce_marker"5 million to the Afghan government from the US -Afghan Incentive Fund in recognition of progress on the commitment it made to develop a provincial budgeting policy, as part of the country's Tokyo Conference commitments.

A statement issued by the USAID on Thursday said these funds would be deposited in the recurrent cost window of the Afghanistan Reconstruction Trust Fund. The US previously released id="mce_marker"5 million to the government in September 2013 for fulfilling its commitments on electoral reforms.

It merits mention that the Tokyo Mutual Accountability Framework (TMAF) was established at the July 2012 Tokyo Conference to help justify continued extraordinary international assistance and encourage Afghan progress on key reforms.

In July 2013, the US announced the establishment of a two-year id="mce_marker"75 million bilateral incentive fund to encourage Afghan progress in the five TMAF areas: elections, rule of law and human rights, public and commercial finance, state budget and sub-national governance, and economic development.

The United States is encouraged by the hard work and progress Afghan electoral institutions are demonstrating as they prepare to hold elections on April 5. A credible, transparent, and inclusive electoral process is critical to Afghan stability and democratic development.

In making the disbursement, the United States noted that the Afghan government did not qualify for an additional $30 million in incentive funds due to a lack of sufficient progress on mutually-agreed deliverables in the areas of rule of law and human rights and public and commercial finance.

The disbursement of an additional id="mce_marker"5 million remains contingent upon the government's fulfillment of its commitments to specific actions agreed under TMAF to spur inclusive economic growth and sustained development.

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Publication:Pajhwok Afghan News (Kabul, Afghanistan)
Geographic Code:9JAPA
Date:Mar 6, 2014
Words:315
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