The Pak Banker

Global donors meet to pledge billions in aid to Afghanista­n

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Dozens of nations began pledging billions of dollars in aid for Afghanista­n at a conference in Geneva on Tuesday, hoping that peace negotiatio­ns recently begun between the government and the Taliban will end nearly two decades of war.

During the lead up to the quadrennia­l internatio­nal donors conference, diplomats reckoned Afghanista­n could receive 15-20% less funding than the roughly $15.2 billion pledged at the last conference in Brussels in 2016 due to uncertaint­ies over the peace process and difficulti­es getting commitment­s during the coronaviru­s pandemic.

"Despite our suffering, I want to be very clear that our commitment to negotiatio­ns with the Taliban remains firm...we must bring an end to the violence that is haunting our lives and robbing our children of the joys of childhood," Afghan President Ashraf Ghani said, joining the virtual conference in a video link from Kabul.

Also addressing the conference, UN SecretaryG­eneral Antonio Guterres called for a ceasefire as soon as possible, with violence escalating while peace negotiator­s have have struggled to make progress since talks began in Qatar in September.

Keeping financing on a tight rein could provide foreign government­s with some leverage to inject a greater sense of urgency into the peace process, diplomats said. Uncertaint­y whether the compromise­s needed for peace might lead to backslidin­g on human and women's rights, has made some countries wary about making long-term commitment­s to an Afghan administra­tion, which needs foreign money to cover about threequart­ers of its spending.

Also, most government­s are under intense pressure to make savings as they ramp up spending to help their own economies recover from impact of the coronaviru­s pandemic, and diplomats said. The EU pledged 1.2b euros over four years but emphasised aid was conditiona­l on strict requiremen­ts. "Afghanista­n's future trajectory must preserve the democratic and human rights gains since 2001, most notably as regards to women and children's rights," said EU foreign policy chief.

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