Article Image
News Link • Afghanistan

Afghan pay day: Tokyo conference pledges $16 bln in aid

 International donors have pledged to provide $16 billion dollars in funding to Afghanistan over the next four years. But the aid is conditional on Kabul implementing measures to combat corruption and bolster democracy.

Around 70 countries and organizations attended a conference in Tokyo to set the exact levels of aid funding for Afghanistan until 2016, an important transitional period during which foreign forces are slated to quit and hand their duties over to the country’s security forces.

The US is expected to provide around $ 1 billion every year, in line with the Washington’s decade-long annual range for money going directly to the Afghan government.

Japan, Afghanistan’s second-largest donor, says it will provide a maximum of $3 billion up to 2016, while Germany stated it will chip in with $536 million per annum.

The aid is intended to serve as a stabilizing factor as Afghanistan assumes more responsibility for maintaining its own security, with most international troops, including the US, scheduled to withdraw in 2014.

Join us on our Social Networks:


Share this page with your friends on your favorite social network:

Purse.IO Save on All Amazon Purchases