Work with the Afghanistan Infrastructure Trust Fund
Video | 28 December 2016
The Afghanistan Infrastructure Trust Fund is a cofinancing mechanism that provides an opportunity for bilateral, multilateral, and other contributors to partner with the Asian Development Bank to finance vital infrastructure in the country. If you are committed to the people of Afghanistan and their future, we are your partner of choice.
Afghanistan – a nation steeped in history, though marred by decades of conflict that have left it one of Asia’s poorest countries.
Afghanistan is in dire need of poverty reduction and infrastructure development. But how do you finance the roads, railways, airports, and power plants that are so critical to development?
Since 2010, the Afghanistan Infrastructure Trust Fund (AITF) has been working hard to develop the infrastructure that can lift the country out of poverty - delivering results.
The AITF has been building a road that links Bagrami to Sapari. The road is now nearly complete. It has also been supporting the first railway line in Afghanistan, linking the town of Hairatan on the Uzbek border with the city of Mazar-e-Sharif.
And it’s working on key flood barriers on the north of the country. Presently, work is about to start on power transmission lines, linking Turkmenistan with Afghanistan.
So how does the AITF work? It’s an on budget cofinancing mechanism that provides an opportunity for bilateral, multilateral, and other contributors to partner with the Asian Development Bank to finance vital infrastructure in the country.
As of September 2016, AITF partners have pledged $760 million, of which $361 million have been received. In addition, $125 million has been disbursed, while $342 million has been allocated for cofinancing projects.
The AITF is the most efficient way for contributors to meet their commitment made at the 2016 Brussels Conference on Afghanistan. The Conference requires that a higher share of development assistance is on budget, and 80% is aligned with the country’s development strategy and national priority programs.
The AITF has also been working on governance issues, providing advice on the country’s energy and gas development plans. The AITF has been doing all these in the face of serious challenges, including deteriorating security in some areas and logistical hurdles.
During the past 3 years, the AITF experienced implementation delays in some of the projects due to the volatile and unpredictable security situation in much of the country.
We are the most reliable infrastructure financing partner in the country, consistently achieving our goals in the face of many challenges. If you are committed to the people of Afghanistan and their future, we are your partner of choice.
Together, we can make Afghanistan a prosperous and stable country.