Donors Pledge US$20 Billion for Afghanistan

PARIS, June 12 (FINANCIAL TIMES)

The Embassy of Afghanistan in Tokyo is pleased to announce that Donor countries pledged more than $20 billion to help re-building efforts.

The Paris conference, attended by 68 governments and 12 international organizations, saw many countries and organizations pledge future financial support for the Afghanistan’s recovery. Highlighting a few key pledges, the US said it will give US$10.2 billion, Britain US$1.2 billion, Germany US$648 million, Japan Us$550 million, the World Bank US$1.1 billion, and the Asian Development Bank US$1.3 billion.

The new pledges add to the $25 billion promised by the international community since 2002.

Opening the conference, President Nicolas Sarkozy of France said it was “the duty of all democrats” to support the Afghan government and people. He also praised President Hamid Karzai. “Without you, the international community would not be so determined,” Mr Sarkozy said.