Afghanistan and ADB
In the Spotlight
A private bank in Afghanistan is helping create thousands of jobs by providing loans that small and medium-sized enterprises desperately need to start or expand their businesses. Read this and more stories from Together We Deliver 2015, a publication highlighting successful projects that demonstrate development impact, best practices, and innovation across Asia and the Pacific.
In Afghanistan’s Bamyan province, new storage facilities mean potato farmers can sell their produce in the off-season for up to triple the price.
The shareholders of TAPI Pipeline Company Limited (TPCL) signed an Investment Agreement in a ceremony witnessed by petroleum ministers and senior government officials of Turkmenistan, Afghanistan, Pakistan and India, and senior ADB officials. The agreement will pave the way for delivery of a long-term supply of natural gas, supporting Afghanistan’s energy needs and helping it rebuild links with neighboring “Silk Road” countries.
ADB mobilizes additional resources from its own funds and from other donors, through the Afghanistan Infrastructure Trust Fund, to expand the scope of infrastructure investments in the country.
Afghanistan is a founding member of ADB, which was established in 1966. ADB resumed its partnership with the Government of Afghanistan after a hiatus from 1980 to 2001. ADB and other development partners support the Afghanistan National Development Strategy and national priority programs, which remain the agreed basis of the partnership. ADB is committed to support Afghanistan in the long term during the post-transition period beyond 2014. ADB recognizes the current political and security challenges and believes that positive economic activities and regional cooperation are key factors that will bring peace and prosperity to Afghanistan.
As of 31 December 2014, cumulative lending to Afghanistan totaled $1.0 billion, and grants amounted to $3.0 billion. Overall ADB assistance is fully aligned with the government’s priorities in the infrastructure sectors of transport, energy, and natural resources. Support also focuses on economic management.
Projects in Afghanistan
- Sheberghan Gas to Power Development
- Energy Supply Improvement Investment Program Tranche 2 (Formerly Multitranche Financing Facility II: Energy Development 2014-2023)
- Panj-Amu River Basin Project
- Preparing the Central Asia Regional Economic Cooperation Corridors 5 and 6 (Salang Corridor) Project, TA Grant
- Energy Supply Improvement Investment Program (Solar), Tranche 3 (Formerly MFF II: Energy Development 2014-2023)
- Energy Supply Improvement Investment Program -Tranche 1
- Energy Supply Improvement Investment Program (Formerly Multitranche Financing Facility II: Energy Development 2014-2023)
- Public Management Support
- Kabul Managed Aquifer Recharge Project
- Agriculture Market Infrastructure Project - Additional Financing