• publish: 2 November 2016
  • time: 4:26 pm
  • category: Economy
  • No: 4537

ADB and Afghan Finance ministry sign 2 accords worth $76 m

Asian Development Bank and Afghan finance ministry on Wednesday signed two accords on enhancing Afghanistan’s crop diversification and food security.

OF the two accords totaling $76 million, $26 million of which is funded by Asian Development Bank and the rest is EU’s grant for Afghanistan on enhancing crop diversification and food security which will be monitored by ADB.

“The project will improve water availability for irrigated agriculture through better water distribution and management,” said Tom Panella, ADB Country Director in Afghanistan.

“It will improve income for around 55,000 farming households through increased cropping intensities, higher crop yields, and crop diversification.”

“The project is also expected to generate approximately 9,000 full-time jobs for local residents over the project life of 20 years,” added Panella.

Agriculture is a major engine of growth for Afghanistan. The sector is the main source of livelihood, employing over 50 percent of the national workforce and contributing 24 percent to the country’s gross domestic product during 2010-2015.according to Tolo News.

“We are grateful for the continued support and contributions of ADB and EU for the development of infrastructure in Afghanistan,” said Eklil Hakimi, Afghan Minister of Finance.

“Agriculture is one of the government’s priority sectors and a foundation for improved livelihoods and economic growth. We are very appreciative to the focus of ADB and the EU to the sector’s development,” he said.

Afghanistan relies on wheat imports to meet its domestic demand. Food insecurity is prevalent throughout the country. This includes some areas of Panj–Amu River Basin, located in the northeast of the country encompassing the provinces of Badakhshan, Baghlan, Kunduz, Takhar, and Bamyan.

“This additional contribution reinforces the long-standing commitment of the European Union to improve sustainable water management in the Panj-Amu river basins areas”, declared Gonzalo Serrano, Deputy Head of Cooperation of the European Union Delegation to Afghanistan.

“It also witnesses the continuous effort of the EU in working side by side with key international donors like the Asian Development Bank and close governmental partners like the Afghan Ministry of Finance,” he said.

The project will rehabilitate and upgrade irrigation infrastructure, including main, secondary and tertiary canals, as well as watershed management to protect irrigation schemes from floods and improve water distribution to downstream users, particularly in dry seasons.

It will address key climate change adaptation needs under the United Nations Framework Convention on Climate Change.

Capacity building support will be provided for water users/irrigation associations and relevant government agencies to operate and maintain irrigation infrastructure, and ensure effective water allocation for downstream users.

The project will also improve farmers’ knowledge and skills in farm management through hands-on training using demonstration plots and community-based natural resource management publications.

Finally, the project will help Afghan members of the Afghanistan–Tajikistan trans-boundary technical working group to set up and operate the joint Panj River Basin Commission, responsible for joint hydrological monitoring of the river.

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