In another comment on the issue the General said, 'His office had found a troubling lack of financial oversight and far-reaching mismanagement of two Western trust funds the World Bank's Afghanistan Reconstruction Trust Fund
and the United Nations-administered Law and Order Trust Fund for Afghanistan used to train and equip Afghan security forces.'
The financing package includes grants of $231 million provided by the International Development Association (IDA), the World Bank's fund for the poorest countries, as well as $425 million from the Afghanistan Reconstruction Trust Fund
(ARTF), and $35 million from the Global Financing Facility (GFF), both managed by the World Bank.
WASHINGTON, June 14 (KUNA) -- The World Bank late Tuesday announced a USD-520-million financing package for Afghanistan "to help the country through a difficult phase in its struggle to end poverty and to signal a long-term commitment to the country's people." The amount includes grants from the International Development Association (IDA), the World Bank's fund for the poorest countries, as well as contributions from the Afghanistan Reconstruction Trust Fund
(ARTF), which is managed by the World Bank.
The Bank will deliver about id="mce_marker"50 million per year and the Afghanistan Reconstruction Trust Fund
up to $800 million per year.
In addition to the infrastructure investments, the World Bank Group will also provide country-specific community support programs through a Multi-Donor Trust Fund and the Afghanistan Reconstruction Trust Fund
. These programs will help improve livelihoods in communities living along the project corridor and facilitate revenue-sharing.
funds are provided both directly and through the Afghanistan Reconstruction Trust Fund
(ARTF), discussed above, run by the World Bank.
'The government of Afghanistan and the World Bank on behalf of the 30 donors of Afghanistan Reconstruction Trust Fund
signed two grant agreements worth USD44m to expand the ongoing Educational Quality Improvement Programme and to establish the National Institute of Management and Administration,' the statement said.
The EU also continues to contribute to financing for the Law and Order Trust Fund Afghanistan (LOFTA, for police salaries and training) and the Afghanistan Reconstruction Trust Fund
(ARTF, for governance, notably in the provinces).
contribution to the Afghanistan Reconstruction Trust Fund
fell, going from $74 million in 2006 to $50 million in 2007.
In Afghanistan, the World Bank is at the center of reconstruction activity, committing as of January 2006 some $973 million for eighteen projects, as well as administering six grants totaling $1.31 billion from the Afghanistan Reconstruction Trust Fund
. The World Bank states that it is channeling supporting investments "aligned with national priorities." (22) Privatization, writes Naomi Klein, is clearly one of these priorities: In Afghanistan, where the World Bank administers the country's aid through a trust fund, it has already managed to privatize healthcare by refusing to give funds to the Ministry of Health to build hospital ...