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WB support to Afghanistan continues.

The World Bank has committed more than 1.9 billion US dollars for development and emergency reconstruction projects and four budget support operations in Afghanistan since April 2002.

This support comprises over $1.46 billion in grants and $436.4 million in no-interest loans known as 'credits.' Currently, the Bank has 24 active projects in Afghanistan with net commitments of over $886 million.

In a statement, the Bank said on Monday the International Finance Corporation (IFC), a member of the World Bank Group, continued to work with its investment partners in Afghanistan. IFC now has an investment portfolio of more than $90 million in six companies.

The Afghanistan Investment Guarantee Facility (AIGF) -- in cooperation with Asian Development Bank (ADB), Department for International Development (DFID) and World Banks Multilateral Investment Guarantee Agency (MIGA) -- seeks to assist Afghanistan in its reconstruction efforts by stimulating foreign direct investment.

The Afghanistan Reconstruction Trust Fund (ARTF) is a partnership between the international community and the Afghan government for the improved effectiveness of the reconstruction effort.

Since early 2002, 31 donors have contributed over $3.4 billion (as of November 21, 2009), making ARTF the largest contributor to the Afghan budget for both operating costs and development programmes.

The Japan Social Development Fund (JSDF), administered by the World Bank, has provided a special window for Afghanistan which operates in a harmonised manner to support the national programmes of the government. As of December, 2009, JSDF's current commitment to Afghanistan reached US$32.9 million.

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Publication:Pajhwok Afghan News (Kabul, Afghanistan)
Date:Jan 5, 2010
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