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Donors promise 13 billion euros aid to Afghanistan


Japan

Donors promise 13 billion euros aid to Afghanistan

The equivalent of about 13 billion euros in development aid has been pledged to secure the peace in Afghanistan.

Representatives from around 80 countries met in Tokyo to discuss how to continue helping one of the world’s poorest nations once NATO combat troops complete their pullout in 2014.

But Afghanistan’s central bank maintains it needs around 50 percent more investment than to continue to achieve economic growth.

According to Japanese figures, more than 30 billion euros in aid has been awarded to Afghanistan since the US-led invasion in 2001.

Donors demanded that Kabul take aggressive action to fight corruption to ensure the aid reached the highest priority projects.

UN Secretary-General Ban Ki-moon said the aid would help consolidate the progress made in the country.

“We are at the critical moment of Afghanistan’s history in transition from reliance on the aid that has enabled the country’s institutions to take root to a normalized relationship of a sovereign functioning Afghanistan, with its people and with its international partners,” said Ban.

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