The World Has Agreed To Bail Out Afghanistan For The Next Four Years

Photo: U.S. Army / Flickr

International donors will pledge $16 billion in aid for Afghanistan over the next four years, the Associated Press’ Bradley Klapper reported.Without this funding, the country could not function.

90 per cent of the Afghan Government’s budget depends on foreign aid, according to the Christian Science Monitor. Meanwhile 97% of Afghanistan’s GDP is derived from international donations and military spending. 

Still, the flow shows no sign of cutting off.

The United States is providing $2.3 billion in civilian aid to Afghanistan this year and will contribute $1 billion over the next decade. 

That’s still not all. The U.S. and allies are also covering Afghanistan’s check for internal security forces, to the tune of $4.1 billion per year from NATO until 2017. 

The nation has received some $60 billion in civilian aid since 2002.

At the same time, Afghanistan’s staggering government corruption and graft also benefitted immensely from previous civilian aid payments.

The donors have tried to prevent that in the most recent round of fundraising, with various caveats and safeguards.

One explanation for the frenetic fundraising efforts could be Russia and China’s decision at last month’s Shanghai Cooperation organisation to bring Afghanistan in as an observing member with eligibility for lucrative grants and financing.

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