• publish: 1 November 2015
  • time: 5:38 pm
  • category: Economy
  • No: 1980

ADB, donor countries announce $858 mln grant for Afghanistan infrastructure

The Asian Development Bank (ADB), which is the leading and largest infrastructure development partner of Afghanistan, together with donor countries have announced a new grant of $858 million for Afghanistan.

The new grant was announced during a recent visit of Afghanistan’s Deputy Finance Minister Mustafa Mastoor to the headquarters of ADB where he met the bank’s president Takesiko Nako, Vice President, Executive Director for the United States Robert Orr and other members of the executive committee.

According to the Ministry of Finance, the announced grant would be used on infrastructure building from the year 2017 to 2020.

In a meeting with Mastoor, ADB leadership also expressed keen desire in remaining a reliable partner to Afghanistan and assured Bank’s continued support and engagement in the country for many years to come.

The important financial contributions of ADB and donor countries will promote economic growth, energy transmission, private sector investment, and build and run infrastructure to promote security and development in Afghanistan.

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