donors to pledge 16bn aid
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Kabul in economic crisis

Donors to pledge $16bn aid

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Donors to pledge $16bn aid

Afghan. president, Hamid Karzai
Tokyo - Agencies

Afghan. president, Hamid Karzai Tokyo - Agencies Donors at a major development conference for Afghanistan will pledge total aid of more than $16 billion for four years to 2015, Japanese Foreign Minister Koichiro Gemba said Saturday. Japan, which will co-chair the one-day conference on Sunday with Afghanistan, will provide up to $3 billion for the five years to 2016, in addition to $1 billion for the war-torn nation’s neighbouring states, he said. The total pledge of more than $16 billion will include part of the aid to be declared by Japan, he said. “This scale of pledge will satisfy the fiscal gap that the World Bank and the Afghan government have said would be needed for the development of the country,” he said. Afghan President Hamid Karzai, who will be in Tokyo along with US Secretary of State Hillary Clinton and United Nations chief Ban Ki-moon, has called for $4 billion a year in civilian aid, amid fears donations could dry up when NATO pulls out in 2014. Gemba’s announcement came hours after Clinton said the United States had designated Afghanistan a major non-NATO ally, giving the war-torn country special privileges. Clinton announced the move, which provides a long-term framework for security and defense cooperation, during a brief visit to Kabul where she had a breakfast meeting with President Hamid Karzai. “We see this as a powerful symbol of our commitment to Afghanistan’s future,” Clinton said at a news conference after talks in Kabul with Karzai. Tens of billions of dollars have poured into Afghanistan since the US-led invasion that toppled the Taliban in late 2001, but graft is rife from local police to high officials, and patience among donor countries is wearing thin. A principle of “mutual accountability” will be stressed at the 70-nation meeting, making continued payment of aid conditional on Kabul making progress, particularly on transparency. After more than 30 years of war, the Afghan economy is weak and the country cannot survive without foreign aid. According to the World Bank, spending on defence and development by donors accounted for more than 95 percent of GDP in 2010-11. Without a functioning economy, Kabul covers only $2 billion of the $6 billion it spends each year not counting security costs, said a Western diplomat, with donor countries making up the difference.

GMT 09:55 2018 Wednesday ,24 January

France's Carrefour revamps operations

GMT 05:10 2018 Tuesday ,23 January

Five things to know about Davos

GMT 04:03 2018 Monday ,22 January

Saudi Arabia calls for oil producers

GMT 07:13 2018 Sunday ,21 January

Duterte bans Philippine nationals

GMT 05:32 2018 Friday ,19 January

To develop oil fields retaken from Kurds

GMT 06:41 2018 Thursday ,18 January

Sudan holds communist leader

GMT 09:27 2018 Wednesday ,17 January

Sudan police beat protesters at demo

GMT 06:49 2018 Tuesday ,16 January

UK construction firm Carillion collapses
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

donors to pledge 16bn aid donors to pledge 16bn aid

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

donors to pledge 16bn aid donors to pledge 16bn aid

 



GMT 10:18 2016 Wednesday ,23 March

cartoon seven

GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 02:16 2017 Saturday ,07 October

Bespoke jewellery is the way to go

GMT 12:02 2017 Thursday ,07 December

Mayor London Sadiq Khan arrives in city

GMT 12:03 2011 Friday ,17 June

Broadcaster Gaunt loses appeal

GMT 10:58 2017 Wednesday ,15 February

Benfica sneak win as Aubameyang fluffs Dortmund's lines

GMT 09:09 2016 Thursday ,17 November

More than 50 dead in heavy Yemen fighting

GMT 08:39 2012 Saturday ,21 January

Biofuel breakthrough: kelp could power cars

GMT 04:15 2015 Sunday ,19 April

China to allow guide dogs on trains

GMT 06:31 2018 Friday ,05 January

Injured Andy Murray out of Australian Open

GMT 05:42 2017 Thursday ,16 November

Da Vinci painting sells for $450mn in NY

GMT 08:10 2015 Monday ,02 November

Manchester City seek statement win in Seville

GMT 15:54 2016 Saturday ,24 December

148 tourists visit Saint Catherine

GMT 04:57 2013 Friday ,20 December

Kids as young as 3 grasp multi-digit numbers

GMT 08:54 2011 Thursday ,29 September

Anzhi Makhachkala fire coach Gadzhiev

GMT 19:18 2012 Wednesday ,18 July

Smartphone network links lovers
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice