Afghanistan and ADB
In the Spotlight
The shareholders of TAPI Pipeline Company Limited have agreed on their respective shareholding percentages and initialed the Shareholders Agreement. TAPI Company Limited will build, finance, own and operate the planned 1,600 kilometer Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline.
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.
The Afghanistan Infrastructure Trust Fund is managed by the ADB and is helping to build and run infrastructure to promote security and drive development. The governments of the United Kingdom, the United States and Japan are providing an additional $286 million to the fund. Subscribe to ADB's YouTube Channel.
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 (Formerly Multitranche Financing Facility II: Energy Development 2014-2023)
- Energy Supply Improvement Investment Program Tranche 1 (Formerly Multitranche Financing Facility II: Energy Development 2014-2023)
- Panj-Amu River Project