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AKIPRESS.COM - The Afghanistan’s Ministry of Finance signed a financing package of $482.3 million in grants with the World Bank to help the country through a difficult phase in its struggle to end poverty.
It signals a long-term commitment by both parties to the country’s development and people, the Bank said.
The package will help Afghanistan support communities with refugees, expand private-sector opportunities for the poor, boost the development of five cities, expand electrification, improve food security, and build rural roads.
The financing includes grants from the International Development Association (IDA), the World Bank’s fund for the poorest countries, as well as contributions from the Afghanistan Reconstruction Trust Fund (ARTF), managed by the World Bank on behalf of 34 donors.