India gives $50 mn for Kabul's development
A total of USD 10.5 billion has been pledged for fuelling economic development in poverty-stricken Afghanistan.india Updated: Feb 02, 2006 12:21 IST
A total of USD 10.5 billion, including 50 million dollars by India, has been pledged for fuelling economic development in poverty-stricken Afghanistan at an international conference here aimed at helping the nation build a stable future.
The USD 50 million announced by India is in addition to USD 550 million it had committed itself for construction of the Parliament Building in Kabul, Minister of State for External Affairs E Ahmed said.
Ahmed also said that SAARC has admitted Afghanistan as its 8th member and Kabul would attend the SAARC Summit next year in India.
The minister said India has been offering technical assistance to Afghanistan in the fields of Telecommunication and construction of roads, in addition to help in the fields of agriculture, education and health.
Ahmed said the Afghanistan Compact launched at the conference on Wednesday supported the Interim Afghanistan National Development Strategy, which set out the Afghan Government's clear vision for their country.
"The Compact recognises the inter-connected nature of the challenges ahead - security, governance and development."
Besides India, others who attended the conference included Pakistan, Qatar, Bahrain, and Kuwait. UK had taken the initiative to convene the conference.
First Published: Feb 02, 2006 12:21 IST