www.xinhuanet.com
XINHUA online
CHINA VIEW
VIEW CHINA
 Breaking News Urgent: Hostage-takers release 15 children: report    PUTIN BREAKS HOLIDAY, RETURNS TO MOSCOW AMID HOSTAGE    NEGOTIATIONS BETWEEN LOCAL AUTHORITIES AND GUNMEN TAKING SCHOOL IN SOUTHERN RUSSIA BEGIN     UP TO 50 CHILDREN MANAGE TO ESCAPE SCHOOL SEIZED BY GUNMEN IN SOUTHERN RUSSIA-REPORT     Gunmen demand release of detained terrorists in Ingusetia    GUNMEN THREATEN TO BLOW UP SCHOOL IN RUSSIA'S NORTH OSSETIA    
Home  
China  
World  
Business  
Technology  
Opinion  
Culture/Edu  
Sports  
Entertainment  
Metrolife  
Travel  
Weather  
  About China
  Map
  History
  Constitution
  CPC & Other Parties
  State Organs
  Local Leadership
  White Papers
  Statistics
  Major Projects
  English Websites
  BizChina
- Conferences & Exhibitions
- Investment
- Bidding
- Enterprises
- Policy update
- Technological & Economic Development Zones

   News Photos Voice People BizChina Feature About us   
ADB to provide Afghanistan $600m aid in 2004-2006
www.chinaview.cn 2004-09-01 20:52:10

    MANILA, Sept. 1 (Xinhuanet) -- The Asian Development Bank (ADB) isplanning to extend 600 million US dollars in assistance to Afghanistan over the next three years, according to an ADB CountryStrategy and Program (CSP) Update for 2004-2006.

    The loan pipeline, prepared in collaboration with the Afghanistan government and totaling 570 million dollars over the three years for 12 programs and projects, is from the ADB's concessional Asian Development Fund, the Manila-based ADB said in a statement.

    Additional grant assistance amounting to 30 million dollars will come from the ADB's technical assistance special fund.

    The three-year program will continue to support economic growth,poverty reduction, and reconstruction and development, the statement said.

    The 12 projects and programs planned during the period span five sectors, including natural resources, transport, energy, thefinancial sector and public sector.

    The ADB is following a three-pronged approach to supporting Afghanistan's post-conflict reconstruction: building capacity, establishing an appropriate policy and institutional framework, and rehabilitating essential infrastructure.

    The final lending allocations over the period will depend on country performance and resource availability.

    The ADB resumed operations in Afghanistan, a founder member of the ADB, in May 2002 with the approval of an initial CSP 2002-2004that committed 500 million dollars in loans and grants. Enditem

    

  Related Story
Copyright ©2003 Xinhua News Agency. All rights reserved.
Reproduction in whole or in part without permission is prohibited.