Govt Seeks Multi-Billion-Dollar Loans for ‘Self-Reliance Package’
According to the Afghan government, The Afghanistan Self-Reliance Accelerator Package (ASAP) is a “framework to assist prioritization and phasing of investment.”
“The projects are grounded in, and are entirely consistent with, the self-reliance agenda, as outlined in the Afghan National Peace and Development Framework (ANPDF), National Priority Programs (NPPs), Afghanistan’s National Infrastructure Plan and the principles and objectives of the 2030 Agenda and Sustainable Development Goals (SDGs), all of which remain the main frameworks for the country,” reads an excerpt from the ASAP proposal.
Critics say there is not enough capacity within the government to undertake the management of the loans.
“The first phase of ASAP is comprised of an $8.64 billion USD investment package across three key sectors to help accelerate the process of achieving economic self-reliance. The package will be funded by both GoIRA and private sector investment. The GoIRA funding component will consist of a combination of concessional and non-conessional loans (from private sector lenders),” reads the document.
The Afghan government has said that it plans to invest the money in a number of key areas such as agriculture, power generation and housing.
Meanwhile, lawmakers in Afghanistan’s parliament have raised deep concerns over the reports that the Afghan government was planning to apply for $8 billion