On Wednesday, October 5, Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó announced Hungary will open a €5 million preferential, long-term and low-interest credit line to support reconstruction efforts in Afghanistan. Hungary’s contribution is part of a global effort aimed at raising $15 billion in international support for Aghanistan. To date, over 70 governments including the United States and other EU member countries have contributed to the fund.

Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó announced from a donor conference in Brussels on Wednesday, October 5, 2016 that Hungary will open a €5 million preferential, low-interest credit line to support ongoing reconstruction efforts in Afghanistan. In total, donor nations pledged  €4 billion to aid Afghan development efforts.

In a statement Foreign Minister Péter Szijjártó also said that participants agreed that Afghanistan must take greater action to prevent migration and implement reforms from which “fewer and fewer people will wish to leave the country.” Last year, 46,670 Afghan nationals applied for asylum in Hungary, the second largest number from any country.

Currently, there are over 100 Hungarian troops serving in Afghanistan involved in training operations with Afghan security forces and the Hungarian Government has signed a pledge to contribute €500,000 annually to the upgrade the Afghan military until 2020.