Afghanistan Requires $7bn in Aid Each Year

By: EW News Desk Team
Date: 20 June 2012

Torn apart by a decade of war and destruction, Afghanistan is appealing for $7 billion in foreign aid each year over the next decade to grow its economy.

In an interview with Reuters, Afghanistan’s central bank governor Noorullah Delawari said the withdrawal of Western troops and foreign aid will cripple Kabul’s already fragile economy and pose a serious threat to its national security.

Appealing for direct international assistance, Delawari said Afghanistan needs about $6 – 7 billion annually in economic aid.

However, that could complicate discussions with donor countries who are concerned about misuse of funds. Last year, Transparency International ranked Afghanistan the third most corrupt country in the world, a ranking it shares with Myanmar.

http://www.economywatch.com/in-the-news/afghanistan-requires-7b-in-aid-each-year.20-06.html