QR codeQR code

Ministry of Finance and the World Bank Sign 3 Grant Agreements of $691Million Improve Afghanistan's Economy and Healthcare

Afghan Voice Agency(AVA) , 10 Apr 2018 - 14:24

The new financing, which was approved by the World Bank Board of Executive Directors on March 28, 2018 aims to help Afghanistan increase access to quality healthcare, modernize state-owned banks, and expand regional telecommunication connectivity, e-government services and create enabling environment for private sector investment.


H.E. Eklil Hakimi, Minister of Finance and Shubham Chaudhuri, World Bank Country Director for Afghanistan, where Dr. Ferozuddin Feroz, Minister of Public Health, Mr. Shahzad Aryobee, Minister of Communications and Information Technology and Mrs. Ethel Sennhauser, acting Vice President of World Bank for South Asia Region were present, signed three grant agreements worth $691million to help Afghanistan revitalize its economy and improve access to quality healthcare.
 
The new financing, which was approved by the World Bank Board of Executive Directors on March 28, 2018 aims to help Afghanistan increase access to quality healthcare, modernize state-owned banks, and expand regional telecommunication connectivity, e-government services and create enabling environment for private sector investment.
 
"Improving the quality of health services, strengthening the banking infrastructure and digitizing government systems will enhance our ability to deliver better and quality services to our people." said H.E. Eklil Hakimi, Finance Minister of the Islamic Republic of Afghanistan. "This contribution demonstrates the continued commitment and support of international community helping the government of Afghanistan implement priority reforms for sustainable development."
 
The financing package includes grants of $ 231 million provided by the International Development Association (IDA), the World Bank's fund for the poorest countries, as well as $425 million from the Afghanistan Reconstruction Trust Fund (ARTF), and $35 million from the Global Financing Facility (GFF), both managed by the World Bank.
 
"Afghanistan is implementing an ambitious reform program in a context of strong budget pressures imposed by low domestic revenue, though improving, massive security spending and enormous development needs," said Shubham Chaudhuri, World Bank Country Director for Afghanistan. "In this challenging environment, we remain committed to helping the Government of Afghanistan further improve service delivery to the Afghan people. For example, the new health project will improve health and nutrition services for the entire population of the country in all 34 provinces."
 
The total support of $691million consists of three grants:
 


Story Code: 161567

News Link :
https://www.avapress.net/en/news/161567/ministry-of-finance-and-the-world-bank-sign-3-grant-agreements-691million-improve-afghanistan-s-economy-healthcare

AVA
  https://www.avapress.net