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Description |
The objective of the program loan would be to promote economic recovery and growth by addressing policy and institutional constraints to the functioning of the agriculture, social sectors, transport and energy sectors through support for market-based policies, institutional reforms, and sustainable financing. Substantial amount of the loan could be earmarked to meet the specific costs of adjustments and to support agriculture sector rehabilitation, national road building, and rehabilitation of primary schools and other facilities. Improvements in the efficiency of these sectors will bring major benefits to industry, agriculture, and to poor isolated communities. The Program is in consonance with the initiatives of the International Monetary Fund (IMF) and the World Bank Group which are aimed at facilitating Afghanistan's transition to a market economy. |
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Project Rationale and Linkage to Country/Regional Strategy |
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Impact |
The program objective is to promote economic growth and poverty reduction through support for market-based policy reforms, public infrastructure investment, and institutional capacity building. The purpose is to enhance opportunities for economic revival by addressing key policy and institutional constraints to the efficient and effective functioning of the financial, transport, and energy sectors within a transparent and accountable governance structure. The Program supports ITGA's National Development Framework (NDF) and National Development Budget (NDB) and is consistent with the operational thrusts of ADB's Initial Country Strategy and Program for Afghanistan (2002-2004). |
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