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World Bank provides Afghanistan $235 mn for development

IANS  |  Kabul 

The has provided a grant of $235 million to the to support its efforts for development and stimulating growth in the country, the country's said on Thursday.

On Wednesday, and Country for Shubham Chaudhuri signed the new financial package, the Ministry said in a statement cited by

"It will be implemented in line with the requirements and priorities of the government and the people of to support economic empowerment, service delivery and institutional reforms," the statement said.

Out of the grant, some $75 million will finance Tackling Afghanistan's and (TAGHIR) project, which will strengthen the capacity of selected line ministries.

"Access to job opportunities and better services is the most crucial need of Afghan people specially the returnees and internally displaced Afghans at this particular time," said the Country for

"These new grants are a significant step forward in the path to help the government of Afghanistan strengthen its service delivery capacities and meet its key policy objectives through boosting institutional reforms," he added.

The latest grant came as poverty and rising unemployment have spread across Afghanistan. Prolonged conflicts and fighting in the country as well as drought have added to the miseries of the war-weary Afghans.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 07 2019. 15:58 IST