Friday, December 9, 2022

International Community pledges $2.48 billion in fresh aid to Afghanistan

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Khaama Press
Khaama Press
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The International Community has pledged $2.485 billion to Afghanistan Reconstruction Trust Fund (ARTF) in a bid to support the national budget over the next three years.

The Ministry of Finance of Afghanistan says the Afghanistan Reconstruction Trust Fund (ARTF), a multi-donor trust fund supported by 34 donors and administered by the World Bank, will contribute up to $2.485 billion over the next three years to the national budget, according to the results of a meeting held earlier today.

The Ministry of Finance further added that ARTF is committed to support the government’s poverty reduction, service delivery and inclusive growth efforts.

A Steering Committee Meeting of ARTF was organized on Monday where the Partnership Framework and Financing Program (PFFP) FY1397-1399 (2018-2020), which outlines how the Government will spend those funds with support from international partners, was approved.

According to the Ministry of Finance, under the new PFFP, funding will continue to be provided for the priorities in the Afghanistan National Peace and Development Framework, introduced at the 2016 Brussels Conference on Afghanistan. The largest portion of ARTF funds, 37 percent, will be devoted to poverty reduction, service delivery, and citizen engagement, including programs in health, education, and the Citizens’ Charter.

The ARTF will also support economic growth and job creation, governance and state effectiveness, and will provide fiscal stability support for civilian expenses of the Government, including civil servant salaries.

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