Afghanistan to receive $16bn

International donors have offered $16bn (£10bn) in development aid for Afghanistan to reassure the government it will not be abandoned after most foreign troops pull out in two years. They stressed the aid would be closely monitored to assure it was not squandered through corruption or mismanagement.
Donors from about 70 countries and organisations, attending a one-day conference in Tokyo, set a baseline for aid in the period through and beyond 2014, The Guardian reported.
The US secretary of state, Hillary Clinton, said America, by far the largest donor, planned to maintain its assistance at about $2bn a year until 2017. Japan, the second-largest donor, said it would provide up to $3bn through 2016; Germany said it would keep its contribution to rebuilding and development at its current level of $536m a year, at least until 2016.
The donors have expressed concern over how the money would be handled. The 2014 meeting in Britain will check progress toward “mutual accountability” and conduct a review and monitoring process to assure development aid is not diverted by corrupt officials or mismanaged – major hurdles in putting aid projects into practice thus far.
They say that Afghanistan must also demonstrate efforts to improve governance and finance management, and safeguard the democratic process, rule of law and human rights, especially those of women.
Clinton, who arrived in Tokyo on Saturday after visiting Kabul, said Afghan security “cannot only be measured by the absence of war”. “It has to be measured by whether people have jobs and economic opportunity; whether they believe the government is meeting their needs,” she said.
Afghanistan, one of the world’s 10 poorest countries, has received nearly $60bn in civilian aid since 2002. The World Bank says foreign aid comprises nearly the equivalent of the country’s gross domestic product. The donors stressed the aid had made a big difference to the country. In the decade since the US invasion in 2001, there have been major improvements in education and healthcare, with nearly 8 million children, including 3 million girls, enrolled in schools. That compares with 1 million children more than a decade ago, when girls were banned from school under the Taliban.
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Bono @ 2013-05-22 16:25:53
I guess the owners of Latvia metallurg work even more to rescue the firm.
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Orlov @ 2013-05-22 16:22:50
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Bozo the clown @ 2013-05-22 11:22:05
No doubt Latvia metallurg will highly contribute to the growth of that country.
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JPR @ 2013-05-21 19:07:44
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Oddis @ 2013-05-21 18:22:38
So, according to your logic, you can tax as much as you can as long as you can afford it?



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