Development News from Afghanistan

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Japan to provide $29 mln dollars to Afghanistan

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KABUL, March 17 (Xinhua) — Under an agreement inked Monday in Afghanistan’s capital Kabul, the government of Japan agreed to provide a fresh grant of 3 billion Japanese Yen (approximately 29 million U.S. dollars) to the war-torn nation.

Hideo Sato, the ambassador of Japan to Afghanistan, and Mohammad Kabir Farahi, the deputy to Afghan Foreign Ministry, signed the agreement on behalf of their respective governments.

The grant, according to a statement of Afghan Foreign Ministry,will be used in improving economic structure and poverty alleviation projects in the war-battered country.

Japan, with contributing more than 1 billion U.S. dollars in the reconstruction of the post-Taliban Afghanistan over the past six years, is the second largest contributor after the Untied States to the war-torn nation.

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Written by afghandevnews

March 18, 2008 at 4:27 am

Posted in Aid

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