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WB donates $83.5m incentive funds for reforms

AT-KABUL: The World Bank (WB) donated $83.5 million incentive funds to the ministry of finance for reforms in key sectors, official said Monday.

“The funds will paid to the ministry based on commitments it made to bring reforms in 5 key sections,” Finance Minister Eklil Hakimi said.

“The funds will be paid to bring reforms in income resources, organizational reforms, tax management, aid effectiveness and provincial budget with three years,” the ministry said in a statement.

It added that the funds would be spent through discretionary budget given priority to the government.

The national unity government has stepped up efforts and fight against corruption during the recent years that led to an overwhelming support by the international community to support the country and announced over $ 15 billion in aid during the Brussels conference.

President Ghani in his remarks ahead of the conference had said “We promised that we would end the corruption that violates our deepest spiritual values & pollutes the soul of our nation.”

He said “We promised that we would build a society based on laws and justice, not on power and guns.”

“There will be howls of protest and pain as the noose against corruption grows ever tighter,” President Ghani said, adding that Afghanistan needs to have institutions that are accountable to the people, insisting that that the government of national unity inherited a corrupt government.

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