Loan Fund for teachers will be established
The Cabinet of Islamic Republic of Afghanistan approved the Ministry of Education’s plan on establishment of loan fund for teachers.
After approval, President Mohammad Ashraf Ghani personally contributed AFN 2 million to the fund, underscoring the necessity to respect the high status of teacher and to address economic needs of this open-minded stratum of society.
Similarly, the cabinet members vowed to contribute 20 percent of their and deputy minister’s one-month salary to the fund. The cabinet tasked Ministry of Finance to transfer AFN 15 million from the MoE’s budget to the fund.
In this meeting, the cabinet approved a range of issues in different areas including the regulation on archiving foreign policy documents; the regulation on arrangement of Kankor examination affairs; Regulation of Orphanages; Pension Policy reform plan; a few cases of land transfer; distributing residential plots for heirs of the ANDSF martyrs in Kapisa province; adding supplement amounts in ordinary and developmental budget; giving time-based priority for implementation of development projects in cold provinces; and seven international agreements.
The cabinet also approved the fundamental reforms plan for Directorate of Pension Treasury in principle.