Afghanistan and ADB
In the Spotlight
In 2015, Central Asian countries made strides improving the environment for cross-border e-commerce in the region.
The shareholders of the TAPI Pipeline Company Limited signed an historic agreement on 13 December 2015 in the Turkmen city of Mary to commemorate the start of construction of the Turkmen portion of the planned 1,800 km Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline project.
The Afghanistan Infrastructure Trust Fund, established by ADB in November 2010, provides an opportunity for development partners and the private sector to finance infrastructure projects in Afghanistan.
As a connecting link between Europe and East Asia, Central Asia is set to reap the benefits of burgeoning trade between the two economic giants.
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
- Power Transmission and Distribution Project
- Road Network Development Investment Program - Tranche 2
- North-South Corridor Project
- Energy Supply Improvement Investment Program -Tranche 1
- Energy Supply Improvement Investment Program (Formerly Multitranche Financing Facility II: Energy Development 2014-2023)