Sunday, 23 April 2017
Work with the Afghanistan Infrastructure Trust Fund
Afghanistan's infrastructure requirements are estimated at $4 billion over the next 3 years - far more than the government or any single funding agency can provide. The Afghanistan Infrastructure Trust Fund provides an opportunity for bilateral, multilateral and individual contributors to partner with Asian Development Bank (ADB) in financing infrastructure investments and improve the livelihood of the Afghan people. It was established in December 2010.
What are the priorities?
The key areas of need are:
- Stronger transport links
- Energy facilities and security
- Irrigation systems
- Development of mineral resources
- Private sector development
What kind of activities are eligible for the fund?
The fund will provide grant cofinancing alongside ADB-funded infrastructure projects, with resources supplementing those provided by ADB through its own operational budget. ADB will provide operational and project management expertise to enable the Afghanistan government to implement the country's key infrastructure development plans.
Who is eligible to receive the fund?
The Afghan Ministry of Finance and ADB will work together to ensure that the fund is efficiently utilized to support the highest priority infrastructure projects and leverage additional financing from the private sector and other partners.
Who supports the fund?
Japan, the United Kingdom, and the United States support the fund.
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Posted by Ivo Toniut