91355 ARTF Administrator’s Report on Financial Status As of July 22, 2010 (end of Asad – 4th month of SY1389) 1. Donor contributions for SY1389 Total donor pledges for SY1389 amount to US$897.52 million, of which US$592.57 million (66.02%) were without preference and US$304.95 million (33.98%) were with preferences. Table 1 reflects total donor pledges including those paid-in for SY1389. Pledge information continues to be clarified with donors. Table 1: ARTF Contributions for SY1389, as of July 22, 2010 (in US$ million) Total of which % of % of Main Contributions/ without total paid-in total Donors Pledges Preference Pledges paid-in United States 540.00 360.00 60% 15.00 16% United Kingdom 115.42 91.70 13% 23.72 26% Germany 61.75 38.60 7% 0.00 - Netherlands 39.24 32.16 4% 0.00 - Norway 37.05 20.94 4% 0.00 - Canada 26.65 4.97 3% 26.65 29% Australia 22.55 11.76 3% 22.55 25% Sweden 21.77 16.33 2% 0.00 - Spain 14.15 7.08 2% 0.00 - Others 18.92 9.03 2% 3.78 4% Total 897.52 592.57 100% 91.70 100% 2. Consolidated ARTF Sources and Uses of Funds for SY1389 Table 2 presents sources and uses of funds for SY1389 on a consolidated basis as of July 22, 2010. The sources of funds are net donor contributions, investment income less administration fees and the cash balance carried forward from SY1388. As of July 22, 2010, the committed cash balance stood at US$482.57 million comprising: (a) a US$147.29 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$279.60 million; and (c) US$5.67 million reserved for the Monitoring Agent, leaving an net unallocated cash balance of US$177.07 million. 1 Table 2: ARTF Consolidated Sources and Uses of Funds (US$ million, July 22, 2010) SY 1381 SY 1382 SY 1383 SY 1384 SY 1385 SY 1386 SY 1387 SY 1388 SY 1389 SY 1389 Total Total Total Total Total Total Total Total Total Total Actual Actual Actual Actual Actual Actual Actual Actual Actual Forecast ², 3 SOURCES OF FUNDS (A+B) A. Net Donors Contributions (A1-A2) 184.24 284.38 378.77 404.09 460.00 654.25 632.69 653.92 92.88 897.02 A.1. Donors Contributions 184.77 286.46 380.37 404.05 453.92 634.80 626.82 657.29 91.70 897.52 A.2. IDA fees minus Investment Income 0.53 2.08 1.59 -0.04 -6.08 -19.44 -5.88 3.37 -1.18 0.50 B. Cash Carried-Over (=D previous year) 119.52 155.97 238.07 302.79 293.89 426.68 495.34 679.28 679.28 USES OF FUNDS (C+D) C. Disbursements (C1+C2+C3+C4) ¹ 64.72 247.94 296.67 339.37 468.89 521.46 564.03 469.98 112.52 588.32 C.1 Recurrent window - Disbursed by DAB 59.21 214.14 235.16 253.25 300.21 290.55 310.06 221.42 68.96 285.00 Wages 40.95 145.77 179.32 174.21 216.20 203.00 276.74 148.31 50.00 O&M 13.65 51.16 55.28 79.04 84.01 87.55 33.32 73.11 18.96 Other 4.60 17.21 0.56 0.00 0.00 0.00 0.00 0.00 0.00 C.2. Investment window 15.59 58.87 83.97 166.14 226.11 251.13 246.17 42.31 300.00 C.3. Pass-through to LOTFA (UNDP Police) 4.84 16.80 0.00 C.4. Fees to monitoring agent 0.67 1.41 2.64 2.16 2.53 4.80 2.84 2.39 1.25 3.32 D. Cash Balance (end-of-period) (A+B-C=D1+D2) 119.52 155.97 238.07 302.79 293.89 426.68 495.34 679.28 659.64 987.98 D.1. Committed Cash Balance: 97.12 109.91 161.68 279.85 227.24 305.93 385.03 427.54 482.57 396.64 to recurrent window special account 51.50 50.60 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 to recurrent window Trust Fund 44.29 26.04 49.49 76.24 75.03 70.48 76.42 145.00 147.29 70.00 undisbursed investment window balance 32.57 61.82 150.75 94.90 179.42 252.29 225.61 279.60 273.03 to Monitoring Agent 1.33 0.70 0.37 2.85 7.32 6.02 6.32 6.93 5.67 3.61 D.2. Unallocated Cash Balance 22.40 46.05 76.39 22.94 66.65 120.75 110.31 251.74 177.07 591.34 (1) Advance disbursements reported following standard World Bank practice. (2) Assumes all pledges collected, and estimates of future allocations and disbursements are met. (3) SY1389 forecasted balance (previous balance + new commitments - disbursements) is based on projected contributions, commitments and disbursements. (4) Unallocated cash balance refers to funds in the ARTF parent account that the MC has not formally committed. During the Solar Year they will be committed in line with priorities for ARTF funds as set out in the Afghan National development budget. 3. Recurrent Cost Financing requirements For SY1389 a ceiling of US$288.80 million is set by the Management Committee, in accordance with the framework for the Recurrent Cost Window established by the ARTF Incentive Program. The ceiling is made up of US$225 million in guaranteed funds, plus US$63.8 million in incentive funds. The incentive funds are comprised of US$45 million for meeting the benchmarks and US$18.8 million for exceeding the revenue target by 16.5 percent. Quarterly transfers of US$72.2 million each are projected, the exact timing of allocation may be during the quarters depending on the Afghan government’s budget proposal. Making transfers in line with the transfer schedule will also ensure that at the end of Solar Year the Recurrent Cost Trust Fund balance will be equal to the agreed buffer of US$70 million. Table 3: Recurrent Cost Financing Requirement for SY1389 (in US$ million) SY1387 SY1388 SY1389 (Mar 21, 2010-March 20,2011) March 21, 2008-Mar 20, 2009 March 21, 2009-Mar 20, 2010 Q1 Q2 Q3 Q4 Consolidated Opening Balance 70.00 76.00 145.00 76.04 121.54 95.77 145.00 Disbursements (310.00) (221.00) (68.96) (98.28) (98.28) (98.28) (363.80) Transfers (Total Commitment) 316.00 290.00 0.00 143.78 72.51 72.51 288.80 Closing Balance 76.00 145.00 76.04 121.54 95.77 70.00 70.00 1. Opening balance do not include Recurrent cost special account balance of US$50 million. 2. Q1 disbursements related to SY1388 expenses of US$ 68.96. Q2, Q3 and Q4 are estimated disbursement figures. 3. Total RC funding for SY1389 (transfer) is US$288.8 million which includes US$63.80 million for meeting the ARTF Incentive Program. 4. Q2 include actual allocation of US$71.25 plus expected allocation for Q2. 2 Table 4 - ARTF Financing Strategy Inputs (US$m) SY 1389 SY 1390 SY 1391 Notes & Results Indicators Donor Estimates for ARTF Contributions 1,000 1,000 600 Rounded estimates of donor funds available RC Window (including Incentive Program) (285) (270) (245) Improved effectiveness of public sector governance, monitored in the Performance Assessment Framework. Linked to the ARTF Incentive Program. Investment window envelope 715 730 355 Summary: Sector Investments 1389 1390 1391 Sector Objectives Agriculture 62 9% 45 6% 40 6% Increases in agricultural productivity Rural Development 320 48% 355 50% 330 50% Inclusive local governance & access to social & productive infrastructure Infrastructure 135 20% 165 23% 170 26% Increased access to electricity & irrigated land. To be developed. Human Development 110 16% 100 14% 84 13% Increased access to quality basic, higher & tertiary education; continued improvements in health care outcome indicators Public Sector Capacity & Governance 40 6% 50 7% 30 5% Expanding PFM systems to provincial level; increased capacity in the justice sector; increased managerial capacity of line ministries Total 667 100% 715 100% 654 100% Project Level Breakdowns by Sector Sector 1: Agriculture 1389 1390 1391 Agriculture Program Targets Horticulture & Livestock Program 15 0 0 Increased productivity of farmers in 11 focus districts. Agricultural Inputs Supply Project 15 15 0 Under preparation. On-farm Water Management 12 0 0 Under preparation. Irrigation (EIRP Scale Up) 20 30 40 Hectares of irrigated Land & agricultural yield Sector 2: Rural Development 1389 1390 1391 Rural Development Program Targets National Solidarity Program 250 250 200 Inclusive local governance - roll-out of CDCs across the country & introduction of NSP III. Rural Access Roads (NERAP) 50 90 110 Kms of rehabilitated roads & % of connected villages in Afghanistan Rural Electrification 0 5 10 Financing rural access to rural and other areas not likely to get main grid based access (current access very low around 10%) Microfinance (& SME Financing) 20 10 10 Sustainability of MFIs and increased access to financial services across the country. Sector 3: Infrastructure 1389 1390 1391 Infrastructure Program Targets Power Supply Project (NEPS) 25 25 30 Supporting restoration of damaged infrastructure for power supply along NEPS (ongoing) & increasing urban access to electricity (to be prepared). New irrigation project (TBD) 60 70 70 Under preparation. New infrastructure projects (TBD) 50 ` 70 70 Under preparation. Sector 4: Human Development 1389 1390 1391 Human Development Program Targets Basic education (EQUIP) 60 50 40 Communities access school grants and schools receive quality grants; teachers trained; 3,000 female teacher preparation scholarships. Higher education (SHEP/NHES) 10 10 10 Restoring basic operational performance in various faculties in the following universities: Kandahar, Nagahar, Heart and Balkh. Skills/vocational education (NIMA) 10 10 4 Construction of NIMA campus, training of trainers for NIMA and DMTVET staff, Curriculum Development Basic package of healthcare (BPHS) 30 30 30 Reduction in under 5 mortality and maternal mortality. Sector 5: Public Sector Capacity/Governance 1389 1390 1391 Public Sector Capacity & Governance Program Targets Management Capacity Program 10 10 10 Government ministries access managerial capacity to lead ministry programs & reforms. Justice sector 10 10 10 Strengthened central justice system & increased access to justice for Afghans. Public finance management 20 30 10 Continued improvements in public finance management, including roll-out of AFMIS to provincial level. Un-allocated cash at end of year 48 15 (299) 3 Table 5 - Actual and Expected Donor Contributions Paid-In, Committed, Pledged (US$ Million) July 22, 2010 SY 1381- SY 1381- SY 1381- SY 1381- SY 1381 SY 1382 SY 1383 SY 1384 SY 1385 SY 1386 SY 1387 SY 1388 SY 1389 89 89 89 89 Donor Total Total Total Total Total Total Total Total Total Signed Un-signed Total % of Total Total % of Total Total % of Total Paid-in Paid-in Paid-in Paid-in Paid-in Paid-in Paid-in Paid-in Paid-in Pledges Pledges SY 1389 SY 1389 Paid-in Paid-in Australia 0.00 2.63 6.27 7.65 5.84 2.09 31.44 14.99 22.55 0.00 0.00 22.55 2.5% 93.46 2.1% 93.46 2.5% Bahrain 0.00 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0% 0.50 0.0% 0.50 0.0% Belgium 0.00 0.00 0.00 0.00 0.00 0.00 2.61 2.72 0.00 2.57 0.00 2.57 0.3% 7.90 0.2% 5.32 0.1% Brazil 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.20 0.00 0.00 0.00 0.00 0.0% 0.20 0.0% 0.20 0.0% Canada 12.00 50.09 5.49 72.34 58.86 213.46 22.07 34.22 26.65 0.00 0.00 26.65 3.0% 495.19 10.9% 495.19 13.3% Denmark 5.00 5.00 3.16 3.92 4.34 8.43 20.86 10.25 0.00 0.00 0.00 0.00 0.0% 60.96 1.3% 60.96 1.6% EC/EU 15.87 52.72 47.60 58.77 52.72 73.62 11.31 14.19 0.00 0.00 2.82 2.82 0.3% 329.62 7.3% 326.80 8.8% Finland 2.79 2.45 5.95 0.00 2.42 5.40 7.91 8.86 0.00 7.72 0.00 7.72 0.9% 43.51 1.0% 35.79 1.0% France 0.00 0.00 0.00 0.00 0.00 0.00 5.13 5.72 0.00 0.00 0.00 0.00 0.0% 10.85 0.2% 10.85 0.3% Germany 10.07 11.44 15.94 1.23 20.47 55.99 74.00 50.85 0.00 0.00 61.75 61.75 6.9% 301.75 6.7% 239.99 6.5% India 0.20 0.20 0.00 0.40 0.20 0.20 0.19 0.20 0.00 0.01 0.00 0.01 0.0% 1.60 0.0% 1.59 0.0% Iran, Islamic Republic of 0.00 0.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0% 0.99 0.0% 0.99 0.0% Ireland 1.00 1.70 1.81 0.61 1.28 1.46 1.58 2.78 2.54 0.00 0.00 2.54 0.3% 14.75 0.3% 14.75 0.4% Italy 17.00 0.00 6.54 0.00 9.22 8.80 34.07 4.10 1.24 0.00 0.00 1.24 0.1% 80.98 1.8% 80.98 2.2% Japan 5.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0% 5.00 0.1% 5.00 0.1% Korea, Republic of 2.00 2.00 2.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0% 6.00 0.1% 6.00 0.2% Kuwait 5.00 5.00 5.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0% 15.00 0.3% 15.00 0.4% Luxembourg 1.00 0.00 0.00 0.61 1.56 1.07 1.14 1.14 0.00 1.03 0.00 1.03 0.1% 7.54 0.2% 6.51 0.2% Netherlands 33.67 41.15 46.41 29.66 50.81 39.76 39.46 41.90 0.00 0.00 39.24 39.24 4.4% 362.06 8.0% 322.82 8.7% New Zealand 0.00 0.00 0.00 0.00 0.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0% 0.63 0.0% 0.63 0.0% Norway 6.82 29.63 9.91 22.54 23.22 30.98 31.47 38.36 0.00 37.05 0.00 37.05 4.1% 229.99 5.1% 192.94 5.2% Poland 0.00 0.00 0.00 0.00 0.29 0.27 1.17 1.20 0.00 0.00 1.00 1.00 0.1% 3.93 0.1% 2.93 0.1% Portugal 0.00 0.46 0.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0% 1.18 0.0% 1.18 0.0% Russian Federation 0.00 0.00 0.00 0.00 0.00 0.00 2.00 2.00 0.00 0.00 0.00 0.00 0.0% 4.00 0.1% 4.00 0.1% Saudi Arabia 10.00 5.00 5.00 0.00 5.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0% 25.00 0.6% 25.00 0.7% Spain 0.00 0.00 0.00 0.00 0.00 22.04 0.00 35.22 0.00 0.00 14.15 14.15 1.6% 71.42 1.6% 57.26 1.5% Sweden 3.10 5.98 25.90 12.84 14.68 20.18 18.35 25.35 0.00 0.00 21.77 21.77 2.4% 148.16 3.3% 126.39 3.4% Switzerland 0.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0% 0.67 0.0% 0.67 0.0% Turkey 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0% 0.50 0.0% 0.50 0.0% UNDP 0.00 2.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0% 2.41 0.1% 2.41 0.1% United Kingdom 15.08 47.10 103.06 131.47 128.49 151.05 162.54 99.05 23.72 0.00 91.70 115.42 12.9% 953.26 21.1% 861.56 23.2% United States 38.00 20.00 89.59 62.00 73.90 0.00 159.50 264.00 15.00 0.00 525.00 540.00 60.2% 1246.99 27.6% 721.99 19.4% TOTAL 184.77 286.46 380.37 404.05 453.92 634.80 626.82 657.29 91.70 48.39 757.44 897.52 100.0% 4526.00 100.0% 3720.17 100.0% 4 Table 6 - Expressed Donor Preferences By Projects Paid-In, Committed, Pledged (US$ Million) July 22, 2010 SY 1381 SY 1382 SY 1383 SY 1384 SY 1385 SY 1386 SY 1387 SY 1388 SY 1389 SY 1381-89 Donor Curr Program Paid-in Paid-in Paid-in Paid-in Paid-in Paid-in Paid-in Paid-in Pledged Paid-in Total Expressed Of which US$ US$ US$ US$ US$ US$ US$ US$ Own Curr. US$ Est. Own Curr. US$ SY 1389 Preference Paid-in Sweden SEK Afghanistan Rural Enterprise Development Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20.00 2.72 0.00 0.00 2.72 2.72 0.00 United Kingdom GBP Afghanistan Rural Enterprise Development Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.50 13.10 13.10 13.10 13.10 Total Afghanistan Rural Enterprise Development Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20.00 2.72 8.50 13.10 15.83 15.83 13.10 Norway NOK Civil Service Capacity Building 0.00 0.00 2.92 3.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.02 6.02 United States USD Civil Service Capacity Building 0.00 0.00 4.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.30 4.30 Total Civil Service Capacity Building 0.00 0.00 7.22 3.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.32 10.32 Australia AUD Education - EQUIP 0.00 0.00 0.00 0.00 0.00 0.00 7.62 1.78 0.00 0.00 3.00 2.69 2.69 12.10 12.10 Canada CAD Education - EQUIP 0.00 0.00 0.00 0.00 0.00 29.80 0.00 9.29 0.00 0.00 11.50 11.44 11.44 50.53 50.53 Germany EUR Education - EQUIP 0.00 0.00 0.00 0.00 0.00 0.00 15.72 13.69 18.00 23.16 0.00 0.00 23.16 52.57 29.41 Netherlands EUR Education - EQUIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.50 7.08 0.00 0.00 7.08 7.08 0.00 Netherlands USD Education - EQUIP 0.00 0.00 0.00 0.00 0.00 4.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.00 4.00 Norway NOK Education - EQUIP 0.00 0.00 4.61 0.00 0.00 5.13 0.00 8.45 55.00 8.86 0.00 0.00 8.86 27.05 18.19 Spain EUR Education - EQUIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.11 0.00 0.00 0.00 0.00 0.00 2.11 2.11 Sweden SEK Education - EQUIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20.00 2.72 0.00 0.00 2.72 2.72 0.00 United States USD Education - EQUIP 0.00 0.00 0.00 0.00 0.00 0.00 12.00 0.00 0.00 0.00 0.00 0.00 0.00 12.00 12.00 Total Education - EQUIP 0.00 0.00 4.61 0.00 0.00 38.93 35.34 35.34 98.50 41.82 14.50 14.13 55.95 170.16 128.34 Canada CAD Horticulture and Livestock Program 0.00 0.00 0.00 0.00 0.00 3.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.53 3.53 United Kingdom GBP Horticulture and Livestock Program 0.00 0.00 0.00 0.00 0.00 1.98 4.16 0.00 0.00 0.00 3.00 4.55 4.55 10.69 10.69 Total Horticulture and Livestock Program 0.00 0.00 0.00 0.00 0.00 5.51 4.16 0.00 0.00 0.00 3.00 4.55 4.55 14.22 14.22 Canada CAD Justice Sector Reform Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.00 0.00 0.00 1.30 1.28 1.28 4.28 4.28 EC/EU EUR Justice Sector Reform Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14.19 0.00 0.00 0.00 0.00 0.00 14.19 14.19 Italy EUR Justice Sector Reform Project 0.00 0.00 0.00 0.00 0.00 0.00 14.79 0.00 0.00 0.00 0.00 0.00 0.00 14.79 14.79 Norway NOK Justice Sector Reform Project 0.00 0.00 0.00 0.00 0.00 0.00 2.10 2.32 0.00 0.00 0.00 0.00 0.00 4.42 4.42 United Kingdom GBP Justice Sector Reform Project 0.00 0.00 0.00 0.00 0.00 0.00 4.90 0.00 0.00 0.00 0.00 0.00 0.00 4.90 4.90 United States USD Justice Sector Reform Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.50 0.00 0.00 0.00 0.00 0.00 1.50 1.50 Total Justice Sector Reform Project 0.00 0.00 0.00 0.00 0.00 0.00 21.79 21.01 0.00 0.00 1.30 1.28 1.28 44.08 44.08 United Kingdom GBP Management Capacity Program 0.00 0.00 0.00 0.00 0.00 0.00 7.39 0.00 0.00 0.00 1.00 1.52 1.52 8.90 8.90 United States USD Management Capacity Program 0.00 0.00 0.00 0.00 0.00 0.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 1.00 Total Management Capacity Program 0.00 0.00 0.00 0.00 0.00 0.00 8.39 0.00 0.00 0.00 1.00 1.52 1.52 9.90 9.90 Australia AUD Microfinance for Poverty Reduction 0.00 0.00 0.00 0.00 0.78 1.04 4.76 1.43 0.00 0.00 0.00 0.00 0.00 8.01 8.01 Canada CAD Microfinance for Poverty Reduction 0.00 4.71 5.49 12.85 24.16 38.83 5.41 4.47 0.00 0.00 0.00 0.00 0.00 95.93 95.93 Denmark DKK Microfinance for Poverty Reduction 0.00 0.00 0.00 1.63 2.11 1.47 6.40 3.03 0.00 0.00 0.00 0.00 0.00 14.63 14.63 Finland EUR Microfinance for Poverty Reduction 0.00 0.00 0.00 0.00 0.00 1.37 2.22 2.22 2.25 2.89 0.00 0.00 2.89 8.69 5.80 Netherlands USD Microfinance for Poverty Reduction 0.00 0.00 0.00 0.00 0.00 2.50 0.00 5.30 0.00 0.00 0.00 0.00 0.00 7.80 7.80 Sweden SEK Microfinance for Poverty Reduction 0.00 0.00 2.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.22 2.22 United Kingdom GBP Microfinance for Poverty Reduction 0.00 0.00 3.78 14.54 9.31 9.85 27.45 0.00 0.00 0.00 0.00 0.00 0.00 64.93 64.93 United States USD Microfinance for Poverty Reduction 0.00 0.00 5.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.00 5.00 Total Microfinance for Poverty Reduction 0.00 4.71 16.49 29.01 36.37 55.05 46.25 16.44 2.25 2.89 0.00 0.00 2.89 207.22 204.32 Australia AUD National Emergency Rural Access Project 0.00 0.00 0.00 0.00 0.78 0.00 4.76 0.71 0.00 0.00 0.00 0.00 0.00 6.26 6.26 Canada CAD National Emergency Rural Access Project 0.00 0.00 0.00 0.00 1.28 3.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.64 4.64 EC/EU EUR National Emergency Rural Access Project 0.00 0.00 0.00 0.00 0.00 0.00 11.31 0.00 2.19 2.82 0.00 0.00 2.82 14.13 11.31 Spain EUR National Emergency Rural Access Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.45 0.00 0.00 0.00 0.00 0.00 8.45 8.45 United Kingdom GBP National Emergency Rural Access Project 0.00 0.00 0.00 18.24 13.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 32.15 32.15 United States USD National Emergency Rural Access Project 0.00 0.00 0.00 2.00 0.00 0.00 21.00 0.00 0.00 0.00 0.00 0.00 0.00 23.00 23.00 Australia AUD National Emergency Rural Access Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.00 2.72 2.72 2.72 2.72 Spain EUR National Emergency Rural Access Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.50 4.50 0.00 0.00 4.50 4.50 0.00 Total National Emergency Rural Access Project 0.00 0.00 0.00 20.24 15.96 3.36 37.08 9.17 5.69 7.32 3.00 2.72 10.04 95.85 88.53 Australia AUD National Solidarity Program 0.00 0.00 0.00 0.00 0.78 0.00 9.53 1.43 0.00 0.00 3.00 2.69 2.69 14.42 14.42 Belgium EUR National Solidarity Program 0.00 0.00 0.00 0.00 0.00 0.00 1.30 1.36 1.00 1.29 0.00 0.00 1.29 3.95 2.66 Canada CAD National Solidarity Program 0.00 10.98 0.00 14.34 17.83 77.24 9.99 8.05 0.00 0.00 9.00 8.95 8.95 147.39 147.39 Denmark DKK National Solidarity Program 0.00 0.00 0.00 0.00 0.00 3.66 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.66 3.66 EC/EU EUR National Solidarity Program 0.00 0.00 9.69 21.57 13.18 22.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 66.52 66.52 Finland EUR National Solidarity Program 0.00 0.00 0.00 0.00 0.00 1.37 1.74 2.22 2.25 2.89 0.00 0.00 2.89 8.22 5.32 Germany EUR National Solidarity Program 0.00 0.00 6.13 0.00 0.00 22.40 23.31 14.86 0.00 0.00 0.00 0.00 0.00 66.70 66.70 Norway NOK National Solidarity Program 0.00 0.00 0.00 3.10 9.02 10.73 4.26 4.74 30.00 4.83 0.00 0.00 4.83 36.69 31.85 Spain EUR National Solidarity Program 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.04 2.00 2.57 0.00 0.00 2.57 9.62 7.04 Sweden SEK National Solidarity Program 0.00 0.00 0.00 0.00 3.67 5.24 5.84 6.85 0.00 0.00 0.00 0.00 0.00 21.60 21.60 United Kingdom GBP National Solidarity Program 0.00 5.72 0.00 16.39 9.31 30.25 0.00 0.00 0.00 0.00 3.00 4.55 4.55 66.24 66.24 United Kingdom USD National Solidarity Program 0.00 0.00 0.00 0.00 0.00 0.00 13.44 0.00 0.00 0.00 0.00 0.00 0.00 13.44 13.44 United States USD National Solidarity Program 0.00 0.00 10.00 0.00 25.00 0.00 65.00 160.00 175.00 175.00 5.00 5.00 180.00 440.00 265.00 Total National Solidarity Program 0.00 16.71 25.83 55.40 78.79 172.96 134.43 206.55 210.25 186.59 20.00 21.20 207.79 898.44 711.85 France EUR Power System Development Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.86 0.00 0.00 0.00 0.00 0.00 2.86 2.86 Total Power System Development Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.86 0.00 0.00 0.00 0.00 0.00 2.86 2.86 Germany EUR Private Sector Development 0.00 0.00 0.00 0.00 3.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.20 3.20 Total Private Sector Development 0.00 0.00 0.00 0.00 3.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.20 3.20 Germany EUR Public Admin Reform 0.00 0.00 0.00 0.00 3.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.20 3.20 Total Public Admin Reform 0.00 0.00 0.00 0.00 3.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.20 3.20 Norway NOK Rural Water Supply and Sanitation 0.00 0.00 0.92 2.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.25 3.25 United States USD Rural Water Supply and Sanitation 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 Total Rural Water Supply and Sanitation 0.00 0.00 0.92 2.33 0.00 0.00 0.50 0.00 0.00 0.00 0.00 0.00 0.00 3.75 3.75 Norway NOK Skills Development Programme (NIMA) 0.00 0.00 0.00 0.00 0.00 0.00 2.80 3.87 15.00 2.42 0.00 0.00 2.42 9.09 6.67 United States USD Skills Development Programme (NIMA) 0.00 0.00 0.00 0.00 0.00 0.00 3.00 0.00 0.00 0.00 0.00 0.00 0.00 3.00 3.00 Total Skills Development Programme (NIMA) 0.00 0.00 0.00 0.00 0.00 0.00 5.80 3.87 15.00 2.42 0.00 0.00 2.42 12.09 9.67 Australia AUD Strengthening Health Activities for the Rural Poor (SHARP) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.78 0.00 0.00 3.00 2.69 2.69 4.47 4.47 Total Strengthening Health Activities for the Rural Poor (SHARP) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.78 0.00 0.00 3.00 2.69 2.69 4.47 4.47 USD Russian Federation Strengthening Higher Education Project 0.00 0.00 0.00 0.00 0.00 0.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 2.00 2.00 Total Strengthening Higher Education Project 0.00 0.00 0.00 0.00 0.00 0.00 1.00 1.00 0.00 0.00 0.00 0.00 0.00 2.00 2.00 United States USD Technical Assistance Feasibility Studies 0.00 0.00 1.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.50 1.50 Total Technical Assistance Feasibility Studies 0.00 0.00 1.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.50 1.50 Grand Total 0.00 21.42 56.56 110.08 137.52 275.81 294.72 298.02 351.69 243.76 54.30 61.19 304.95 1499.08 1255.32 5 Table 7 - ARTF Commitments & Disbursements As of: July 22, 2010 SY1381-89 (US$ million). Com m Disbursed Com m Disbursed Com m Disbursed Com m Disbursed Com m Disbursed Com m Disbursed Com m Disbursed Com m Disbursed Com m Disbursed SY1381-89 22-Jul-10 Last Month SY 1381 SY 1381 SY 1382 SY 1382 SY 1383 SY 1383 SY 1384 SY 1384 SY 1385 SY 1385 SY 1386 SY 1386 SY 1387 SY 1387 SY 1388 SY 1388 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 Year End Year End Year End Year End SY 1389 SY 1389 Com m ited Disbursed Rate (g) (h) (g) - (h) (h) / (g) TF050577 - Recurrent & Capital Costs Component Wages 40.95 145.77 179.32 174.21 216.20 203.00 276.74 148.31 50.00 1434.50 0.00 - O&M 13.65 51.16 55.28 79.04 84.01 87.55 33.32 73.11 18.96 496.09 0.00 - Debt Service, IMF 0.77 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.77 0.00 - Debt Service, IDA 2.77 3.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.64 0.00 - Debt Service, ADB 0.00 0.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.56 0.00 - Bulk Contracts 1.07 12.78 0.56 0.00 0.00 0.00 0.00 0.00 0.00 14.41 0.00 - Disbursem ents(A) 59.21 214.14 235.16 253.25 300.21 290.55 310.06 221.42 68.96 1952.96 0.00 Special Account(Opening) Balance (B) 0.00 51.50 50.60 50.00 50.00 50.00 50.00 50.00 50.00 50.00 Loan Account com m itm ents and disbursem ents (C) 155.00 110.71 195.00 213.25 258.00 234.55 280.00 253.25 299.00 300.21 286.00 290.55 316.00 310.06 290.00 221.42 71.25 68.96 2150.25 2002.96 0.00 147.29 93% Updated Special Account Balance * 51.50 50.60 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 TF050578 - Monitoring Agent [2] 2.00 0.67 0.78 1.41 2.31 2.64 4.64 2.16 7.00 2.53 3.50 4.80 3.14 2.84 3.00 2.39 0.00 1.25 26.37 20.69 0.00 5.67 78% Closed Investment Projects [3] TF000003 - Basic Package of Health Services (BPHS) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - TF050855 - UNDP Police Pr. 1 & 2 4.84 4.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.84 4.84 0.00 0.00 100% TF050973 - National Emergency Employment Program 0.00 0.00 16.62 8.31 0.00 8.31 20.20 0.00 16.00 20.20 0.00 15.12 0.00 0.88 0.00 0.00 0.00 0.00 52.82 52.82 0.00 0.00 100% TF052081 - Microfinance for Poverty Reduction 0.00 0.00 1.00 0.36 0.00 0.34 0.00 0.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 1.00 0.00 0.00 100% TF052366 - UNDP Police 3 0.00 0.00 16.80 16.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16.80 16.80 0.00 0.00 100% TF052475 - Telecom & Microw ave Link 0.00 0.00 3.00 0.15 3.13 1.03 0.00 3.07 0.00 1.52 -0.12 0.24 0.00 0.00 0.00 0.00 0.00 0.00 6.01 6.01 0.00 0.00 100% TF052482 - Kabul Roads and Drainage System 0.00 0.00 3.00 0.00 0.00 2.91 0.00 0.00 -0.17 -0.11 -0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.80 2.80 0.00 0.00 100% TF052541 - Kabul Pow er Supply 0.00 0.00 7.44 0.00 0.00 2.90 0.00 1.51 0.00 1.40 0.00 1.03 0.00 0.26 -0.01 0.33 0.00 0.00 7.43 7.43 0.00 0.00 100% TF052735 - Strengthening Financial Capacity of the Government 0.00 0.00 5.10 2.05 0.00 0.26 0.00 1.38 -1.04 0.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.06 4.06 0.00 0.00 100% TF053939 - National Solidarity Program 0.00 0.00 0.00 0.00 27.00 26.62 70.90 47.58 58.50 82.04 12.29 12.45 0.00 0.00 0.00 0.00 0.00 0.00 168.69 168.69 0.00 0.00 100% TF054730 - Education - EQUIP 0.00 0.00 0.00 0.00 0.00 0.00 5.00 0.00 0.00 0.49 27.00 6.51 12.00 29.55 0.00 7.45 0.00 0.00 44.00 44.00 0.00 0.00 100% Subtotal Closed Investm ent Projects [3] 4.84 4.84 52.96 27.66 30.13 42.36 96.10 53.85 73.29 105.92 39.14 35.36 12.00 30.69 -0.01 7.78 0.00 0.00 308.44 308.44 0.00 0.00 100% Current Investment Projects [4] TF050970 - Technical Assistance Feasibility Studies 0.00 0.00 8.00 2.52 6.00 3.88 4.50 2.91 0.00 3.28 0.00 3.02 0.00 1.29 0.00 0.09 0.00 -0.02 18.50 16.97 0.00 1.53 92% TF052452 - Microfinance for Poverty Reduction 0.00 0.00 4.00 2.20 12.00 12.64 38.30 21.21 32.00 48.48 33.00 34.22 64.00 24.88 0.00 23.44 0.00 0.88 183.30 167.94 0.00 15.36 92% TF053940 - Civil Service Capacity Building 0.00 0.00 0.00 0.00 0.00 0.00 8.00 2.38 5.00 4.24 0.00 4.98 0.00 1.08 0.00 0.31 0.00 0.00 13.00 13.00 0.00 0.00 100% TF054718 - Rehabilitation of Naghlu Hydropow er Plant 0.00 0.00 0.00 0.00 20.00 0.00 0.00 0.00 0.00 0.16 0.00 0.07 0.00 6.05 0.00 2.60 0.00 0.00 20.00 8.88 0.00 11.12 44% TF054729 - Urban Water Supply and Sanitation 0.00 0.00 0.00 0.00 20.00 0.00 21.00 3.63 0.00 3.48 0.00 11.51 0.00 4.48 0.00 4.14 0.00 3.15 41.00 30.38 1.10 10.62 74% TF055447 - Rural Water Supply and Sanitation 0.00 0.00 0.00 0.00 0.00 0.00 5.00 0.00 0.00 0.59 0.00 0.63 2.65 2.05 0.00 2.25 0.00 0.65 7.65 6.17 0.02 1.48 81% TF090077 - Management Capacity Program 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.00 0.00 0.00 0.55 5.00 2.76 0.00 1.75 15.00 5.06 0.76 9.94 34% TF090205 - National Solidarity Program 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 171.50 136.32 178.00 162.39 100.00 120.63 0.00 4.96 449.50 424.31 0.44 25.19 94% TF091120 - Kabul-Aybak/Mazar-e-Sharif Pow er Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 57.00 0.00 0.00 14.70 0.00 9.52 0.00 2.25 57.00 26.47 0.16 30.53 46% TF091885 - Horticulture and Livestock Program 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11.00 1.57 0.00 2.71 23.30 4.64 34.30 8.92 2.98 25.38 26% TF092073 - Kabul Urban Reconstruction Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.60 0.00 0.00 1.14 0.00 0.31 5.60 1.45 0.23 4.15 26% TF092160 - Justice Sector Reform Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 27.75 0.40 0.00 3.35 0.00 0.92 27.75 4.66 0.23 23.09 17% TF092544 - Strengthening Higher Education Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.00 1.00 0.00 0.35 0.00 0.00 5.00 1.35 0.00 3.65 27% TF093513 - Pow er System Development Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 35.00 5.17 0.00 1.79 35.00 6.96 0.00 28.04 20% TF093632 - Kabul Urban Roads Improvement Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.00 0.00 0.00 5.43 0.00 0.00 18.00 5.43 0.00 12.57 30% TF093637 - Water Resources Development Technical Assistance Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.50 1.00 0.00 0.07 5.50 1.07 0.00 4.43 19% TF093854 - Skills Development Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.00 2.51 0.00 1.55 9.00 4.05 0.08 4.95 45% TF093962 - Second Education Quality Improvement Program 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 35.00 35.00 50.00 7.41 85.00 42.41 7.41 42.59 50% TF095297 - National Emergency Rural Access Project 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 30.00 16.00 0.00 0.00 30.00 16.00 0.00 14.00 53% TF096362 - Strengthening Health Activities for the Rural Poor (SHARP) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22.00 12.00 22.00 12.00 0.00 10.00 55% TF096991 - On Farm Water Management Project (OFWM) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 0.00 1.00 0.00 0.00 1.00 0% Subtotal Current Investm ent Projects [4] 0.00 0.00 12.00 4.73 58.00 16.52 76.80 30.12 37.00 60.23 271.50 190.76 312.00 220.44 219.50 238.40 96.30 42.31 1083.10 803.50 13.41 279.60 74% TOTAL COMMIT & DISB. [1+2+3+4] 161.84 116.22 260.73 247.04 348.44 296.07 457.54 339.37 416.29 468.89 600.14 521.46 643.14 564.03 512.49 469.98 167.55 112.52 3568.16 3135.59 13.41 432.57 0.00 Note: * Includes US $50 million Special Account advance plus adjustment for any timing difference. 6 Table 8 – Analysis of Un-disbursed Investment Window Balance Figure 1: Maturity Profile of the Portfolio Over 2 years Between 1 to 2 years Between 6 months to a year Less than 6 months Figure 2: Outstanding Balances of Individual Projects Strengthening Health Activities for the Rural Poor (SHARP) Skills Development Project Strengthening Higher Education Project 0% 2% 1% Second Education Quality Improvement Project 4% 4% (EQUIP II) 6% Power System Development Project 5% Management Capacity Program 15% Horticulture and Livestock Program 4% 2% National Rural Access Program Kabul Urban Reconstruction ProjectT 8% National Solidarity Program 10% Kabul-Aybak/Mazar-e-Sharif Project Justice Sector Reform Project Water Resources Development Technical Assistance 11% Project 4% Urban Water Supply and Sanitation Kabul Urban Roads Improvement Project (KURIP) 9% 9% Microfinance for Poverty Reduction 5% Rehabilitation of Naghlu Hydropwer Plant 1% On Farm Water Management Project (OFWM) 7