Regions and Countries

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p. 3 of 4 BACK | NEXT I. Current Development Trends and Issues II. Implementation of the Country Strategy and Program III. Portfolio Management Issues IV. Country Performance and Assistance Levels

Country Strategy and Program Update 2006-2008: Afghanistan

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III. Portfolio Management Issues

A. Portfolio Performance ¹⁰

30. Since resuming operations in Afghanistan in 2002, ADB has approved seven public sector loans totaling $513.7 million (to the end of July 2005), $78.5 million in ADF grants (to two projects), and 25 technical assistance projects (both project preparatory and advisory or capacity development) totaling some $40.9 million (including $5.3 million in donor cofinancing). In addition, ADB has approved $53.1 million in private sector loans, equity investments, and political risk guarantees. Contract awards in 2004 totaled $99.2 million, bringing the cumulative figure for 2002–2004 to $258.3 million. Public sector disbursements in 2004 totaled $43.2 million, with cumulative public sector disbursements totaling $199.8 million.

31. Portfolio performance has generally been satisfactory, although project implementation has been slower than anticipated due to weak government capacity in ministries and at the provincial and district levels. Ongoing insecurity has delayed implementation of some projects, and also has increased overall implementation costs.

B. Performance Monitoring and Evaluation

32. As all loans and TAs approved since the resumption of ADB operations in Afghanistan in 2002 are ongoing, no evaluations have as yet been undertaken. The Afghanistan Resident Mission tracks implementation and performance status of ADB-financed activities through quarterly progress reports. A country portfolio review mission will take place in late 2005.

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