14 November 2018

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ARTF Steering Committee Approves ‘3-Year Partnership Framework & Financing Program’

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Tuesday, June 26, 2018

Kabul (BNA) The Afghanistan Reconstructing Trust Fund (ARTF) Steering Committee Meeting, comprising Ambassadors of donor countries and co-chaired by Eklil Hakimi, Minister of Finance and the World Bank Country Director, Shubham Chaudhuri held meeting here yesterday at the Presidential Palace, a statement said.
ARTF is a multi-donor trust fund supported by 34 donors and administered by the World Bank.  The ARTF, the largest source of non-budget financing for Afghanistan’s development, committed to support the government’s poverty reduction, service delivery and inclusive growth efforts, contributing up to $2.485 billion over the next three years to the national budget, according to the results of a meeting held yesterday, a statement said.
The Steering Committee approved the ARTF’s proposed Partnership Framework and Financing Program (PFFP) FY1397-1399 (2020), which outlines how the Government will spend those funds with support from international partners, the statement added.
“AR
TF is an important mechanism for reliable, predictable and transparent on budget support to the Government of Afghanistan.  All planned investments in the PFFP are aligned with our core priorities based on the Afghanistan National Peace and Development Framework (ANPDF).  Through this mechanism we are able to pool aid financing provided by the international community through a single mechanism with higher standards of transparency and accountability” said Eklil Hakimi, Minister of Finance addressing the Steering Committee meeting as quoted in the ministry’s statement.
Under the new PFFP, funding will continue to be provided for the priorities in the Afghanistan National Peace and Development Framework, introduced at the 2016 Brussels Conference on Afghanistan.
The largest portion of ARTF funds, 37 percent, will be devoted to poverty reduction, service delivery, and citizen engagement, including programs in health, education, and the Citizens’ Charter.
The ARTF will also support economic growth and job creation, governance and state effectiveness, and will provide fiscal stability support for civilian expenses of the Government, including civil servant salaries.
“The ARTF represents a unique partnership between Afghanistan and its international partners, one that has been in place since 2002, working for a better, more prosperous future for Afghanistan,” said Shubham Chaudhuri, World Bank Country Director for Afghanistan.  “The 2028-2020 PFFP reaffirms the commitment of the ARTF partners to continue working with the government of Afghanistan to improve the lives of all Afghans” he added.  Afghanistan Reconstruction Trust Fund Steering (ARTF) is a multi-donor trust fund supported by 34 donors and administered by the World Bank.  It provides on-budget financing to support the Government of the Islamic Republic of Afghanistan’s development and reform priorities, and it is the single largest source of such funding to the Government.
The Partnership Framework and Financing Program is the third three-year financing strategy for the ARTF.  Previous strategies ran from FY1394 to 1396 (2015 to 2017), which outlined priorities for financing totaling $2.4 billion.  The strategies summarize specifics of ARTF support to Government development and reform priorities.
 

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