ADB VP Reaffirms Commitment to Supporting Infrastructure Development in Afghanistan
KABUL, AFGHANISTAN (6 October 2017) — Asian Development Bank (ADB) Vice-President Wencai Zhang, on a 3-day visit to Afghanistan, met with Afghanistan President Ashraf Ghani and Minister of Finance and ADB Governor Eklil Ahmad Hakimi to discuss ADB’s new Country Partnership Strategy and reaffirm commitment to support the country’s infrastructure development and reform priorities.
Mr. Zhang delivered a keynote address at the third Senior Officials Meeting in Kabul on 5 October 2017. The 2-day meeting, which was attended by delegations from 41 countries and 11 international development agencies, focused on the latest phase of partnership with Afghanistan, reviewed the progress made in implementation of the Afghanistan National Peace and Development Framework (ANPDF), and planned for advancing priorities.
“The Government of Afghanistan has made significant progress on the implementation of ADB projects in the past 2 years resulting in important development impacts,” said Mr. Zhang. “ADB looks forward to continuing its partnership with the government and other stakeholders to develop infrastructure and bring prosperity to all Afghans.”
ADB is Afghanistan’s largest infrastructure development partner in the transport, energy, and agriculture and natural resources sectors. The support is aligned closely with the ANPDF and the National Infrastructure Plan.
ADB-financed projects include the first energy transmission interconnection with neighboring countries, the first railway line, and new technical assistance to improve the Salang Corridor, which will greatly enhance connectivity between Central and South Asia.
In 2016, during the Brussels Conference on Afghanistan ADB pledged to provide $887 million in grants from 2017 to 2020, including $20 million for disaster risk reduction. The grants will support the country’s transport, energy, and agriculture and natural resources sectors, with special attention to regional cooperation, governance, and capacity building.
Mr. Zhang said that ADB-financed projects have resulted in substantial improvements in infrastructure. However, the security situation, capacity limits, and other implementation constraints remain as risks to project implementation. ADB will continue to work closely with the government to accelerate project implementation and overcome these challenges.
Afghanistan is a founding member of ADB, and, to date, has received over $4.9 billion in grants and loans.
ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB is celebrating 50 years of development partnership in the region. It is owned by 67 members—48 from the region. In 2016, ADB assistance totaled $31.7 billion, including $14 billion in cofinancing.