The government has lost $125m in World Bank aid due to its failure to implement certain standards and financial strategies in the custom sectors, the Supreme Audit Office (SAO) said on Wednesday said.
According to SAO, the World Bank had recommended that Afghan government implement standards and financial strategies in the custom sectors aimed at providing better services. In response to the commitment, the World Bank would have committed some money in incentives to Afghan government.
The Ministry of Finance (MoF) has said that Afghanistan still has enough time to deliver on its commitment to the recommendations offered by the World Bank until end of 2018.
“In 2016 an amount of $224 million had been allocated for at least ten benchmarks, but the institutions managed to implement only five and the money came to the government treasury,” said Sayed Mohammad Mahdi Hussaini, professional deputy of the Supreme Audit Office.