91266 ARTF Administrator’s Report on Financial Status as of August 21, 2008 (end of Asad – 5th month of SY1387) 1. Donor contributions for SY1387 Total donor pledges for SY1387 amount to US$670 million, of which US$333 million (50%) were without preference and US$337 million (50%) were with preferences. Table 1 reflects, as of August 21, 2008, the paid-in donor contributions (amounting to US$291 million – 43% of the total pledges). Table 1: ARTF Contributions for SY1387, as of August 21, 2008 (in US$ million) Total of which % of % of Main Contributions/ without total paid-in total Donors Pledges Preference Pledges paid-in United States 163.500 61.000 24% 65.500 23% United Kingdom 163.360 111.780 24% 44.128 15% Netherlands 50.463 39.463 8% 39.463 14% Germany 47.444 19.037 7% 47.444 16% Italy 36.753 22.052 5% 0.000 - Spain 36.753 18.376 5% 0.000 - Canada 35.714 7.519 5% 0.000 - Australia 31.439 4.764 5% 31.439 11% EC/EU 30.872 0.000 5% 0.000 - Norway 24.471 18.004 4% 18.004 6% Sweden 19.610 12.514 3% 18.354 6% Denmark 17.067 10.667 3% 17.067 6% Others 12.667 7.709 2% 9.491 3% Total 670.113 332.884 100% 290.889 100% 2. Projected Consolidated ARTF Sources and Uses of Funds for SY1387 Table 2 presents sources and uses of funds for SY1387 on a consolidated basis. The sources of funds are net donor contributions (contributions less IDA fees plus investment income) plus the cash balance carried over. Uses of funds comprise: (a) disbursements to the recurrent budget, set at US$276 million for SY1387; (b) disbursements under the ARTF investment financing, estimated at US$300 million for the year; and (c) fees for the Monitoring Agent of about US$4.06 million 1 . 1 Fees for 1387 include the balance of current contract $3.26 million which expires on September 30, 2008 plus the 10% advance on the new two year contract estimated at $8 million ($3.26+$.80=$4.06). 1 Financials as of August 21, 2008 As of August 21, 2008 the cash balance of ARTF stood at US$512.4 million comprising: (a) a US$16.2 million cash balance in the Recurrent Cost Trust Fund (excluding the US$50 million in the Designated Account); (b) combined undisbursed balance of the ARTF active investment portfolio of US$302.5 million; and (c) US$5.3 million reserved for the Monitoring Agent, leaving an unallocated cash balance of US$138.4 million. Table 2: ARTF Consolidated Sources and Uses of Funds (US$ million, August 21, 2008) Table 2 - ARTF Consolidated Sources & Uses of Funds US$ Mil. Report Date : August 21, 2008 SY 1381 SY 1382 SY 1383 SY 1384 SY 1385 SY 1386 SY 1387 SY 1387 Total Total Total Total Total Total Total Total , Actual Actual Actual Actual Actual Actual Actual Forecast ² 3 SOURCES OF FUNDS (A+B) A. Net Donors Contributions (A1-A2) 184.240 284.382 378.774 404.094 459.996 654.246 288.173 685.113 A.1. Donors Contributions 184.768 286.461 380.368 404.050 453.921 634.803 290.889 670.113 A.2. IDA fees minus Investment Income 0.527 2.079 1.594 -0.044 -6.076 -19.443 2.715 -15.000 B. Cash Carried-Over (=D previous year) 119.524 155.966 238.070 302.789 293.893 426.679 426.679 USES OF FUNDS (C+D) C. Disbursements (C1+C2+C3+C4) ¹ 64.717 247.940 296.670 339.375 468.892 521.461 202.416 580.060 C.1 Recurrent window - Disbursed by DAB 59.212 214.144 235.155 253.248 300.213 290.550 123.296 276.000 Wages 40.953 145.769 179.321 174.213 216.199 203.000 79.741 O&M 13.655 51.164 55.277 79.035 84.015 87.549 43.555 Other 4.604 17.210 0.557 0.000 0.000 0.000 0.000 C.2. Investment window 0.000 15.589 58.873 83.969 166.145 226.113 78.234 300.000 C.3. Pass-through to LOTFA (UNDP Police) 4.836 16.800 0.000 0.000 0.000 0.000 0.000 0.000 C.4. Fees to monitoring agent 0.668 1.407 2.641 2.158 2.534 4.798 0.886 4.060 D. Cash Balance (end-of-period) (A+B-C=D1+D2) 119.524 155.966 238.070 302.789 293.893 426.679 512.436 531.731 D.1. Committed Cash Balance: 97.120 109.913 161.684 280.849 228.244 306.926 373.998 435.737 to recurrent window special account 51.500 50.603 50.000 50.000 50.000 50.000 50.000 50.000 to recurrent window Trust Fund 44.288 26.042 49.489 76.242 75.029 70.479 16.183 70.000 undisbursed investment window balan 0.000 32.566 61.822 151.753 95.895 180.424 302.540 313.774 to Monitoring Agent 1.332 0.702 0.372 2.854 7.321 6.023 5.275 1.963 D.2. Unallocated Cash Balance 22.404 46.053 76.386 21.940 65.649 119.753 138.438 95.995 (1) Advance disbursements reported following standard W orld Bank practice. (2) Assumes all pledges collected, and estimates of future allocations and disbursements are met. (3) SY1387 forecasted balance (previous balance + new commitments - disbursements) is based on projected contributions, commitments and disbursements. Table 2a - Net unallocated cash balance Remarks D.2. Unallocated Cash Balance 138.438 D.3. Allocations approved by MC and pending for Transfer: 5.000 Strengthening Higher Education Program 5.000 Approved by MC in the June 17th meeting. Allocation will be transferred shortly Net unallocated cash balance (D.2-D.3) 133.438 Table 2 makes tentative projections for SY1387. These will be adjusted as the year proceeds. Key assumptions include the total donor contributions for the year of US$670 million, total disbursements of US$580 million leaving a closing balance of US$96 million. 2 3. Recurrent Cost Financing requirements In SY1387, a total cash amount of US$276 million will be assigned to the Government (via the Recurrent Cost Trust Fund account) to finance the recurrent cost. Given the opening cash carried forward from SY1386 to SY1387 was US$ 70 million, the amount of cash to be transferred totals US$ 276 million whereas cash disbursements during SY1387 are projected to be US$ 276 million. Quarterly transfers of US$ 69 million each are projected, the exact timing of which may be at the beginning of the quarter or mid-quarter, depending on a timing which best suits the Government. Making transfers in line with the transfer schedule will also ensure that at the end of the Solar Year the Recurrent Cost Trust Fund account balance will be equal to the agreed buffer of US$70 million. The estimate of funding allocations to the recurrent cost financing for a specific quarter is determined by comparing the balance of the Recurrent Cost financing trust fund 2 to the estimated disbursement requirement for the quarter in question, plus a reserve equal to the next quarter disbursement requirements. For SY1387, the forecast for the full year appears below. The quarter by quarter transfer depends on the planned pattern of presentation of expenses, which the Government will determine. Table 3: Recurrent Cost Financing Requirement for SY1387 (in US$ million) SY1386 SY1387 SY1387 SY1387 SY1387 SY1387 March 22, 2007 Mar 20, 2008 – Jun 21, 2008 – Sep 22, 2008 – Dec 21, 2008 – Mar 21, 2008 – – Mar 19, 2008 Jun 20, 2008 Sep 21, 2008 Dec 20, 2008 Mar 20, 2009 Mar 20, 2009 Opening Balance 75* 70 139 70 70 70* Disbursements (291)** - 138 69 69 (276) ~ Transfers 286 69 69 69 69 276 Closing Balance 70* 139 70 70 70 70* *These balances do not include Special Account (working capital) balance of US$50 million. **Includes disbursement of US$ 14.55 million made for SY1385 expenses. Carry forward of reimbursement of prior budget year’s eligible expenses has not occurred in SY1386 and will not occur in future years because allocation should be exhausted by the end of the Solar Year. ~ Transfer of US$ 69 million approved in the June 17th MC meeting was allocated in July. 2 This excludes an advance of US$50 million for working capital which must be maintained at all time. 3 Table 4 - Management Committee Approvals for Investment Projects August 21, 2008 SY 1387 Open Projects Undisbursed ARTF New MC Total Budget Budgeted Projected Project balance Allocations (1) Available Disbursements (2) End balance as of SY1386 SY1387 SY1387 SY1387 SY1387 Infrastructure TF091120 - Kabul-Aybak/Mazar-e-Sharif Power Project 57.000 0.000 57.000 26.000 31.000 TF054729 - Urban Water Supply and Sanitation 22.390 0.000 22.390 21.800 0.590 TF054718 - Rehabilitation of Naghlu Hydropower Plant 19.768 0.000 19.768 19.768 TF052541 - Kabul Power Supply 0.595 0.000 0.595 0.595 TF000010 - Kabul Roads 0.000 9.000 9.000 9.000 TF000009 - Power Substation and Distribution Project 0.000 50.000 50.000 15.000 35.000 TF000008 - Kabul Urban Reconstruction Program 0.000 5.600 5.600 1.000 4.600 Sub-total Infrastructure 99.754 64.600 164.354 63.800 100.554 Rural Development TF090205 - National Solidarity Program 35.175 178.000 213.175 178.000 35.175 TF055447 - Rural Water Supply and Sanitation 3.777 5.000 8.777 3.900 4.877 TF052452 - Microfinance for Poverty Reduction 0.559 64.000 64.559 50.000 14.559 TF050973 - National Emergency Employment Program 0.881 25.000 25.881 25.900 -0.019 TF000007 - Afghanistan Rural Enterprise Development Program 0.000 0.000 0.000 19.800 -19.800 TF000004 - Horticulture and Livestock Program 0.000 20.000 20.000 20.000 Sub-total Rural Development 40.392 292.000 332.392 277.600 54.792 TA & Capacity Building TF090077 - Management Capacity Program 10.000 0.000 10.000 10.000 TF054730 - Education - EQUIP 24.998 27.000 51.998 40.000 11.998 TF053940 - Civil Service Capacity Building 1.395 0.000 1.395 1.395 TF050970 - Technical Assistance Feasibility Studies 2.886 0.000 2.886 2.886 TF000012 - Skills Development Project 0.000 9.000 9.000 9.000 TF000006 - Strengthening Higher Education Program 0.000 10.000 10.000 9.000 1.000 TF000005 - National Justice Program 0.000 27.750 27.750 15.000 12.750 TFT00001 - Private Sector Development 0.000 3.000 3.000 3.000 Sub-total TA & Capacity Building 39.279 76.750 116.029 64.000 52.029 Total Allocations for open projects 179.424 433.350 612.774 405.400 207.374 Total Allocations of closed projects 0.000 0.000 0.000 0.000 0.000 Total Allocations (OPEN and CLOSED projects) 179.424 433.350 612.774 405.400 207.374 1) SY1387 estimated allocations are on a commitment basis. This column needs to be agreed with the government and the Management Committee. 2) SY1387 Budget figures are taken from the approved budget. These figures are on a cash disbursement basis and will be updated with roll-over from previous years. 4 Table 5 - Actual and Expected Donor Contributions Paid-In, Committed, Pledged (US$ Million) 21-Aug-2008 SY 1387 SY 1381 SY 1381- SY 1381- SY 1381- SY 1381- SY 1381 SY 1382 SY 1383 SY 1384 SY 1385 SY 1386 SY 1387 87 87 87 87 % of % of Donor Total Total Total Total Total Total Total Signed Un-signed Total % of Total Total Total Total Paid-in Paid-in Paid-in Paid-in Paid-in Paid-in Paid-in Pledges Pledges SY 1387 SY 1387 Total Paid-in Paid-in Australia 0.000 2.635 6.268 7.654 5.836 2.089 31.439 0.000 0.000 31.439 4.7% 55.921 1.9% 55.921 2.1% Bahrain 0.000 0.504 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.0% 0.504 0.0% 0.504 0.0% Canada 11.998 50.093 5.491 72.343 58.863 213.461 0.000 0.000 35.714 35.714 5.3% 447.963 14.9% 412.249 15.6% Denmark 5.000 5.000 3.163 3.916 4.343 8.426 17.067 0.000 0.000 17.067 2.5% 46.916 1.6% 46.916 1.8% EC/EU 15.871 52.720 47.595 58.771 52.720 73.615 0.000 0.000 30.872 30.872 4.6% 332.164 11.0% 301.292 11.4% Finland 2.792 2.451 5.946 0.000 2.418 5.404 7.915 0.000 0.000 7.915 1.2% 26.926 0.9% 26.926 1.0% Germany 10.068 11.443 15.941 1.230 20.474 55.992 47.444 0.000 0.000 47.444 7.1% 162.592 5.4% 162.592 6.2% India 0.200 0.200 0.000 0.400 0.200 0.200 0.000 0.000 0.000 0.000 0.0% 1.200 0.0% 1.200 0.0% Iran, Islamic Repu 0.000 0.989 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.0% 0.989 0.0% 0.989 0.0% Ireland 1.000 1.699 1.814 0.612 1.276 1.458 1.576 0.000 0.000 1.576 0.2% 9.434 0.3% 9.434 0.4% Italy 17.000 0.000 6.539 0.000 9.223 8.804 0.000 14.701 22.052 36.753 5.5% 78.318 2.6% 41.565 1.6% Japan 5.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.0% 5.000 0.2% 5.000 0.2% Korea, Republic o 2.000 2.000 2.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.0% 6.000 0.2% 6.000 0.2% Kuwait 5.000 5.000 5.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.0% 15.000 0.5% 15.000 0.6% Luxembourg 1.000 0.000 0.000 0.605 1.563 1.070 0.000 1.176 0.000 1.176 0.2% 5.414 0.2% 4.238 0.2% Netherlands 33.667 41.151 46.415 29.664 50.805 39.765 39.463 2.500 8.500 50.463 7.5% 291.930 9.7% 280.930 10.7% New Zealand 0.000 0.000 0.000 0.000 0.628 0.000 0.000 0.000 0.000 0.000 0.0% 0.628 0.0% 0.628 0.0% Norway 6.818 29.630 9.913 22.544 23.215 30.980 18.004 0.000 6.468 24.471 3.7% 147.572 4.9% 141.105 5.4% Poland 0.000 0.000 0.000 0.000 0.290 0.270 0.000 0.000 0.000 0.000 0.0% 0.560 0.0% 0.560 0.0% Portugal 0.000 0.457 0.725 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.0% 1.182 0.0% 1.182 0.0% Russian Federatio 0.000 0.000 0.000 0.000 0.000 0.000 0.000 2.000 0.000 2.000 0.3% 2.000 0.1% 0.000 0.0% Saudi Arabia 10.000 5.000 5.000 0.000 5.000 0.000 0.000 0.000 0.000 0.000 0.0% 25.000 0.8% 25.000 0.9% Spain 0.000 0.000 0.000 0.000 0.000 22.038 0.000 0.000 36.753 36.753 5.5% 58.791 2.0% 22.038 0.8% Sweden 3.103 5.982 25.905 12.839 14.680 20.178 18.354 1.257 0.000 19.610 2.9% 102.297 3.4% 101.040 3.8% Switzerland 0.673 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.0% 0.673 0.0% 0.673 0.0% Turkey 0.500 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.0% 0.500 0.0% 0.500 0.0% UNDP 0.000 2.411 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.0% 2.411 0.1% 2.411 0.1% United Kingdom 15.079 47.096 103.062 131.473 128.487 151.052 44.128 7.452 111.780 163.360 24.4% 739.608 24.5% 620.376 23.5% United States 38.000 20.000 89.591 62.000 73.900 0.000 65.500 0.000 98.000 163.500 24.4% 446.991 14.8% 348.991 13.2% TOTAL 184.768 286.461 380.368 404.050 453.921 634.803 290.889 29.086 350.138 670.113 100.0% 3014.483 100.0% 2635.259 100.0% 5 Table 6 - Expressed Donor Preferences By Projects Paid-In, Committed, Pledged August 21, 2008 SY 1381 (US$ Million SY 1382 SY 1383 SY 1384 SY 1385 SY 1386 SY 1387 Total SY 1381-87 Donor Curr Program Paid-in Paid-in Paid-in Paid-in Paid-in Pledged Paid-in Total Expressed Of which US$ US$ US$ US$ US$ Own Curr. US$ Est. Own Curr. US$ SY 1387 Preference Paid-in Norway NOK Civil Service Capacity Building 0.000 2.918 3.102 0.000 0.000 0.000 0.000 0.000 0.000 0.000 6.020 6.020 United States USD Civil Service Capacity Building 0.000 4.300 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 4.300 4.300 Total Civil Service Capacity Building 0.000 7.218 3.102 0.000 0.000 0.000 0.000 0.000 10.320 10.320 Australia AUD Education - EQUIP 0.000 0.000 0.000 0.000 0.000 0.000 0.000 8.000 7.622 7.622 7.622 7.622 Canada CAD Education - EQUIP 0.000 0.000 0.000 0.000 29.797 11.500 10.808 0.000 0.000 10.808 40.606 29.797 Germany EUR Education - EQUIP 0.000 0.000 0.000 0.000 0.000 0.000 0.000 10.000 15.716 15.716 15.716 15.716 Netherlands USD Education - EQUIP 0.000 0.000 0.000 0.000 4.000 8.500 8.500 0.000 0.000 8.500 12.500 4.000 Norway NOK Education - EQUIP 0.000 4.607 0.000 0.000 5.130 0.000 0.000 0.000 0.000 0.000 9.738 9.738 Spain EUR Education - EQUIP 0.000 0.000 0.000 0.000 0.000 2.500 3.675 0.000 0.000 3.675 3.675 0.000 United States USD Education - EQUIP 0.000 0.000 0.000 0.000 0.000 0.000 0.000 12.000 12.000 12.000 12.000 12.000 Total Education - EQUIP 0.000 4.607 0.000 0.000 38.928 22.984 35.338 58.321 101.856 78.873 Sweden SEK Emergency Transport Rehabilitation Project 0.000 0.000 0.000 0.000 0.767 8.000 1.257 0.000 0.000 1.257 2.023 0.767 Total Emergency Transport Rehabilitation Project 0.000 0.000 0.000 0.000 0.767 1.257 0.000 1.257 2.023 0.767 Canada CAD Horticulture and Livestock Program 0.000 0.000 0.000 0.000 3.531 0.000 0.000 0.000 0.000 0.000 3.531 3.531 United Kingdom GBP Horticulture and Livestock Program 0.000 0.000 0.000 0.000 1.977 3.000 5.589 0.000 0.000 5.589 7.566 1.977 Total Horticulture and Livestock Program 0.000 0.000 0.000 0.000 5.508 5.589 0.000 5.589 11.097 5.508 EC/EU EUR Justice Sector Reform Project 0.000 0.000 0.000 0.000 0.000 10.000 14.701 0.000 0.000 14.701 14.701 0.000 Italy EUR Justice Sector Reform Project 0.000 0.000 0.000 0.000 0.000 10.000 14.701 0.000 0.000 14.701 14.701 0.000 Norway NOK Justice Sector Reform Project 0.000 0.000 0.000 0.000 0.000 15.000 2.772 0.000 0.000 2.772 2.772 0.000 United Kingdom GBP Justice Sector Reform Project 0.000 0.000 0.000 0.000 0.000 0.000 0.000 2.500 4.904 4.904 4.904 4.904 Total Justice Sector Reform Project 0.000 0.000 0.000 0.000 0.000 32.174 4.904 37.078 37.078 4.904 United Kingdom GBP Management Capacity Program 0.000 0.000 0.000 0.000 0.000 1.000 1.863 3.000 5.949 7.812 7.812 5.949 United States USD Management Capacity Program 0.000 0.000 0.000 0.000 0.000 0.000 0.000 1.000 1.000 1.000 1.000 1.000 Total Management Capacity Program 0.000 0.000 0.000 0.000 0.000 1.863 6.949 8.812 8.812 6.949 Australia AUD Microfinance for Poverty Reduction 0.000 0.000 0.000 0.778 1.045 0.000 0.000 5.000 4.764 4.764 6.586 6.586 Canada CAD Microfinance for Poverty Reduction 4.708 5.491 12.847 24.165 38.832 6.500 6.109 0.000 0.000 6.109 92.152 86.043 Denmark DKK Microfinance for Poverty Reduction 0.000 0.000 1.625 2.110 1.465 0.000 0.000 30.000 6.400 6.400 11.601 11.601 Finland EUR Microfinance for Poverty Reduction 0.000 0.000 0.000 0.000 1.367 0.000 0.000 1.400 2.216 2.216 3.583 3.583 Netherlands USD Microfinance for Poverty Reduction 0.000 0.000 0.000 0.000 2.500 2.500 2.500 0.000 0.000 2.500 5.000 2.500 Sweden SEK Microfinance for Poverty Reduction 0.000 2.220 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 2.220 2.220 United Kingdom GBP Microfinance for Poverty Reduction 0.000 3.782 14.542 9.312 9.846 0.000 0.000 10.000 19.830 19.830 57.312 57.312 United States USD Microfinance for Poverty Reduction 0.000 5.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 5.000 5.000 Total Microfinance for Poverty Reduction 4.708 16.493 29.015 36.365 55.055 8.609 33.210 41.819 183.455 174.846 Australia AUD National Emergency Employment Program 0.000 0.000 0.000 0.778 0.000 0.000 0.000 5.000 4.764 4.764 5.542 5.542 Canada CAD National Emergency Employment Program 0.000 0.000 0.000 1.277 3.363 0.000 0.000 0.000 0.000 0.000 4.640 4.640 EC/EU EUR National Emergency Employment Program 0.000 0.000 0.000 0.000 0.000 11.000 16.171 0.000 0.000 16.171 16.171 0.000 Spain EUR National Emergency Employment Program 0.000 0.000 0.000 0.000 0.000 5.000 7.351 0.000 0.000 7.351 7.351 0.000 United Kingdom GBP National Emergency Employment Program 0.000 0.000 18.238 13.909 0.000 0.000 0.000 0.000 0.000 0.000 32.147 32.147 United States USD National Emergency Employment Program 0.000 0.000 2.000 0.000 0.000 0.000 0.000 21.100 21.100 21.100 23.100 23.100 Total National Emergency Employment Program 0.000 0.000 20.238 15.964 3.363 23.522 25.864 49.385 88.950 65.429 Australia AUD National Solidarity Program 0.000 0.000 0.000 0.778 0.000 0.000 0.000 10.000 9.527 9.527 10.305 10.305 Canada CAD National Solidarity Program 10.985 0.000 14.339 17.830 77.238 12.000 11.278 0.000 0.000 11.278 131.670 120.392 Denmark DKK National Solidarity Program 0.000 0.000 0.000 0.000 3.663 0.000 0.000 0.000 0.000 0.000 3.663 3.663 EC/EU EUR National Solidarity Program 0.000 9.694 21.568 13.180 22.076 0.000 0.000 0.000 0.000 0.000 66.518 66.518 Finland EUR National Solidarity Program 0.000 0.000 0.000 0.000 1.367 0.000 0.000 1.100 1.741 1.741 3.108 3.108 Germany EUR National Solidarity Program 0.000 6.131 0.000 0.000 22.397 0.000 0.000 8.000 12.691 12.691 41.219 41.219 Norway NOK National Solidarity Program 0.000 0.000 3.102 9.018 10.728 0.000 0.000 0.000 0.000 0.000 22.847 22.847 Spain EUR National Solidarity Program 0.000 0.000 0.000 0.000 0.000 5.000 7.351 0.000 0.000 7.351 7.351 0.000 Sweden SEK National Solidarity Program 0.000 0.000 0.000 3.670 5.236 0.000 0.000 35.000 5.840 5.840 14.746 14.746 United Kingdom GBP National Solidarity Program 5.723 0.000 16.394 9.312 30.252 0.000 0.000 0.000 0.000 0.000 61.681 61.681 United Kingdom USD National Solidarity Program 0.000 0.000 0.000 0.000 0.000 0.000 0.000 13.445 13.445 13.445 13.445 13.445 United States USD National Solidarity Program 0.000 10.000 0.000 25.000 0.000 50.000 50.000 15.000 15.000 65.000 100.000 50.000 Total National Solidarity Program 16.707 25.825 55.403 78.789 172.957 68.629 58.244 126.873 476.554 407.925 Germany EUR Private Sector Development 0.000 0.000 0.000 3.199 0.000 0.000 0.000 0.000 0.000 0.000 3.199 3.199 Total Private Sector Development 0.000 0.000 0.000 3.199 0.000 0.000 0.000 0.000 3.199 3.199 Germany EUR Public Admin Reform 0.000 0.000 0.000 3.199 0.000 0.000 0.000 0.000 0.000 0.000 3.199 3.199 Total Public Admin Reform 0.000 0.000 0.000 3.199 0.000 0.000 0.000 0.000 3.199 3.199 Norway NOK Rural Water Supply and Sanitation 0.000 0.921 2.326 0.000 0.000 0.000 0.000 0.000 0.000 0.000 3.248 3.248 United States USD Rural Water Supply and Sanitation 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.400 0.400 0.400 0.400 0.400 Total Rural Water Supply and Sanitation 0.000 0.921 2.326 0.000 0.000 0.000 0.400 0.400 3.648 3.648 Norway NOK Skills Development Programme (NIMA) 0.000 0.000 0.000 0.000 0.000 20.000 3.696 0.000 0.000 3.696 3.696 0.000 United States USD Skills Development Programme (NIMA) 0.000 0.000 0.000 0.000 0.000 3.000 3.000 0.000 0.000 3.000 3.000 0.000 Total Skills Development Programme (NIMA) 0.000 0.000 0.000 0.000 0.000 6.696 0.000 6.696 6.696 0.000 Russian FederatioUSD Strengthening Higher Education Program 0.000 0.000 0.000 0.000 0.000 1.000 1.000 0.000 0.000 1.000 1.000 0.000 Total Strengthening Higher Education Program 0.000 0.000 0.000 0.000 0.000 1.000 0.000 1.000 1.000 0.000 United States USD Technical Assistance Feasibility Studies 0.000 1.500 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 1.500 1.500 Total Technical Assistance Feasibility Studies 0.000 1.500 0.000 0.000 0.000 0.000 0.000 0.000 1.500 1.500 Grand Total 21.415 56.565 110.084 137.516 276.577 172.322 164.908 337.229 939.386 767.065 6 Table 7 - ARTF Commitments & Disbursements As of: August 21, 2008 SY1381-87 (US$ million). Comm Disbursed Comm Disbursed Comm Disbursed Comm Disbursed Commited Disbursed Comm Disbursed Comm Disbursed SY1381-87 21-Aug-08 Last Month SY1381 SY1381 SY1382 SY1382 SY1383 SY1383 SY1384 SY1384 SY1385 SY1385 SY1386 SY1386 YTD YTD Total Total Disbursed Available Disb. Year End Year End Year End Year End Year End Year End Year End Year End Year End Year End Year End Year End SY1387 SY1387 Commited Disbursed Rate (a) (b) (c) (c) (d) (e) (f) (g) (h) (g) - (h) (h) / (g) TF050577 - Recurrent & Capital Costs Component Wages 40.953 145.769 179.321 174.213 216.199 203.000 123.296 1082.752 123.296 - O&M 13.655 51.164 55.277 79.035 84.015 87.549 0.000 370.695 0.000 - Debt Service, IMF 0.767 0.000 0.000 0.000 0.000 0.000 0.000 0.767 0.000 - Debt Service, IDA 2.770 3.870 0.000 0.000 0.000 0.000 0.000 6.640 0.000 - Debt Service, ADB 0.000 0.557 0.000 0.000 0.000 0.000 0.000 0.557 0.000 - Bulk Contracts 1.067 12.782 0.557 0.000 0.000 0.000 0.000 14.405 0.000 - Disbursements(A) 59.212 214.144 235.155 253.248 300.213 290.550 123.296 1475.817 123.296 Special Account(Opening) Balance (B) 0.000 51.500 50.603 50.000 50.000 50.000 50.000 50.000 Net Disbursements(Incl. Advances & Adjustments) (C) 155.000 110.712 195.000 213.246 258.000 234.553 280.000 253.248 299.000 300.213 286.000 290.550 69.000 123.296 1542.000 1525.817 123.296 16.183 99% Updated Special Account Balance * 51.500 50.603 50.000 50.000 50.000 50.000 50.000 50.000 TF050578 - Monitoring Agent [2] 2.000 0.668 0.777 1.407 2.311 2.641 4.640 2.158 7.001 2.534 3.500 4.798 0.139 0.886 20.229 15.093 0.000 5.136 75% Closed Investment Projects [3] TF050855 - UNDP Police Pr. 1 & 2 4.836 4.836 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 4.836 4.836 0.000 0.000 100% TF052081 - Microfinance for Poverty Reduction 0.000 0.000 1.000 0.358 0.000 0.335 0.000 0.306 0.000 0.000 0.000 0.000 0.000 0.000 1.000 1.000 0.000 0.000 100% TF052366 - UNDP Police 3 0.000 0.000 16.800 16.800 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 16.800 16.800 0.000 0.000 100% TF052475 - Telecom & Microwave Link 0.000 0.000 3.000 0.150 3.130 1.029 0.000 3.069 0.000 1.522 -0.119 0.241 0.000 0.000 6.011 6.011 0.000 0.000 100% TF052482 - Kabul Roads and Drainage System 0.000 0.000 3.000 0.000 0.000 2.910 0.000 0.000 -0.172 -0.113 -0.031 0.000 0.000 0.000 2.797 2.797 0.000 0.000 100% TF052735 - Strengthening Financial Capacity of the Governmen 0.000 0.000 5.100 2.046 0.000 0.255 0.000 1.380 -1.041 0.378 0.000 0.000 0.000 0.000 4.059 4.059 0.000 0.000 100% TF053939 - National Solidarity Program 0.000 0.000 0.000 0.000 27.000 26.618 71.900 47.582 58.500 82.038 12.292 12.454 0.000 0.000 169.692 168.692 0.000 1.000 99% Subtotal Closed Investment Projects [3] 4.836 4.836 28.900 19.354 30.130 31.147 71.900 52.337 57.287 83.825 12.142 12.695 0.000 0.000 205.195 204.195 0.000 1.000 100% Current Investment Projects [4] TF050970 - Technical Assistance Feasibility Studies 0.000 0.000 8.000 2.523 6.000 3.881 4.500 2.905 0.000 3.281 0.000 3.024 0.000 0.928 18.500 16.542 0.000 1.958 89% TF050973 - National Emergency Employment Program 0.000 0.000 16.620 8.310 0.000 8.310 20.200 0.000 16.000 20.200 0.000 15.119 0.000 0.000 52.820 51.939 0.000 0.881 98% TF052452 - Microfinance for Poverty Reduction 0.000 0.000 4.000 2.202 12.000 12.635 38.300 21.207 32.000 48.477 33.000 34.219 64.000 4.858 183.300 123.599 0.000 59.701 67% TF052541 - Kabul Power Supply 0.000 0.000 7.435 0.000 0.000 2.901 0.000 1.508 0.000 1.402 0.000 1.029 0.000 0.000 7.435 6.840 0.000 0.595 92% TF053940 - Civil Service Capacity Building 0.000 0.000 0.000 0.000 0.000 0.000 8.000 2.384 5.000 4.243 0.000 4.979 0.000 1.081 13.000 12.686 0.335 0.314 98% TF054718 - Rehabilitation of Naghlu Hydropower Plant 0.000 0.000 0.000 0.000 20.000 0.000 0.000 0.000 0.000 0.160 0.000 0.071 0.000 3.596 20.000 3.827 3.551 16.173 19% TF054729 - Urban Water Supply and Sanitation 0.000 0.000 0.000 0.000 20.000 0.000 21.000 3.628 0.000 3.475 0.000 11.506 0.000 0.969 41.000 19.579 0.000 21.421 48% TF054730 - Education - EQUIP 0.000 0.000 0.000 0.000 0.000 0.000 5.000 0.000 0.000 0.490 27.000 6.512 12.000 9.967 44.000 16.970 3.433 27.030 39% TF055447 - Rural Water Supply and Sanitation 0.000 0.000 0.000 0.000 0.000 0.000 5.000 0.000 0.000 0.590 0.000 0.633 0.000 0.450 5.000 1.673 0.280 3.327 33% TF090077 - Management Capacity Program 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 10.000 0.000 0.000 0.000 10.000 0.000 0.000 10.000 0% TF090205 - National Solidarity Program 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 171.500 136.325 80.000 44.272 251.500 180.597 11.409 70.903 72% TF091120 - Kabul-Aybak/Mazar-e-Sharif Power Project 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 57.000 0.000 0.000 11.613 57.000 11.613 0.000 45.387 20% TF091885 - Horticulture and Livestock Program 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 11.000 0.500 11.000 0.500 0.000 10.500 5% TF092073 - Kabul Urban Reconstruction Project 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 5.600 0.000 5.600 0.000 0.000 5.600 0% TF092160 - Justice Sector Reform Project 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 27.750 0.000 27.750 0.000 0.000 27.750 0% Subtotal Current Investment Projects [4] 0.000 0.000 36.055 13.035 58.000 27.727 102.000 31.632 53.000 82.320 298.500 213.418 200.350 78.234 747.905 446.365 19.008 301.540 60% TOTAL COMMIT & DISB. [1+2+3+4] 161.836 116.217 260.732 247.042 348.441 296.067 458.540 339.375 416.288 468.892 600.142 521.461 269.489 202.416 2515.329 2191.470 142.304 323.859 87% Note: * Includes US $50 million Special Account advance plus adjustment for any timing difference. 7 Table 8 – ARTF Preference Tracker for SY1387 As of August 21, 2008 (US$ Million) $200 $180 $160 Funding gap $140 Pledged preferences $120 $100 $80 $60 $40 $20 $0 NSP Microfinance NRAP HLP RWSS EQUIP NJP SHEP SDP PSD Power Kabul Roads KURP Rural Development TA & Capacity Building Economic Infrastructure 8