AT-KABUL: The United States Agency for International Development (USAID) assistant administrator of Afghanistan William Hammink and minister of finance Eklil Ahmad Hakimi on Tuesday signed a letter for disbursement of $ 100 million through the new development partnership.
In a statement issued by ministry, as part of the ongoing commitment by the U.S government to improve the welfare of the Afghan people, the release of these funds is tied to the government’s achievement of specific development results and implementation of key policy reforms, including improved revenue collection, reducing corruption and reducing poverty by helping the poor and marginalized, especially women.
“New development partnership is an effective mechanism that aligns U.S. assistance with the government’s reform agenda. As an on-budget funding modality, it has given the government the required fiscal space to implement its development priorities that will improve the lives of the people,” said the,” the minister said.
“Linking the U.S. assistance funding to achievable and important development results enables the Afghan government to implement its reform agenda, while increasing Afghan ownership and transitioning to a more Afghan-led development approach,” William Hammink said.
The USAID concluded verification of the results and associated indicators under Tranche III of the development partnership for mid-year 2016. The USAID and the Ministry of Finance have agreed that the national unity government is eligible to receive $100 million for achievements of result indicators of fundamental development reforms that will improve the welfare of the Afghan people.
The U.S. Agency for International Development will continue to work with the ministry of finance to help advance the Afghan government’s achievement of further milestones, each of which would trigger the release of additional funds, according to the statement.
“The New Development Partnership is anticipated to provide incentive funds of up to $800 million through 2018.”