COVID-19: Government to Distribute $300M of Aid Funds

Abdul Hadi Arghandiwal, the acting minister of finance said the government would be distributing $300 million of foreign aid funds in the form of cash payments and food packages to poor Afghans.

The Ministry of Finance (MoF) had been summoned by the Wolesi Jirga to explain the usage of foreign aid coming in from the World Bank and other donor countries.

Sayed Sayed Azim Kebarzani, secretary of the Finance and Budget Commission in Wolesi Jirga, said the budget will probably run a deficit of 48 billion afghanis due to the economic effects of the COVID-19 pandemic.

The Ministry of Public Health is also in line to receive 750 million afghanis to continue their Coronavirus response, in the latest budget adjustments.

Another recommendation pending approval is to borrow 17 billion afghanis from the International Monetary Fund (IMF) without any interest.

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Latest from Newsfeed; Thursday, June 11 2020