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Afghan government revenue goes up

The Ministry of Finance’s General Revenues Department reported an increase in the government revenue for the first nine months of the current fiscal year (22 March 2012-21 March 2013). The revenue is currently standing at 11bn AFN, equivalent to USD

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Attorney General does not accept Kabul Bank’s special court verdict

The Attorney General’s Office does not agree with the verdict of the special tribunal on the Kabul Bank crisis, saying that the punishment was too soft. “We will ask for an appeal, as we concluded that the verdict issued by

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Zabul promises to halt poppy cultivation

Zabul residents pledged that they would stop the cultivation of poppy, calling it un-Islamic and illegal. In return, they urged the government to provide them with work opportunities, particularly for the young people in Afghanistan. The residents cited unemployment as

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Ready to support Afghanistan through 2014 transition and beyond-World Bank

The World Bank Group is strongly committed to helping the people of Afghanistan by promoting growth and reducing poverty during and beyond the withdrawal of Western security forces in 2014, World Bank Group President Jim Yong Kim said. Making his first

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Japan to finance 28 development projects in Afghanistan

Twenty eight development projects will be implemented through the Grant Assistance for Grassroots Program (GAGP) with financial collaboration from Japan in six provinces. The agreement to this effect was signed between the Japanese Embassy and 19 non-governmental organizations on Sunday.

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WB funds the New Market Development Program in Afghanistan

The World Bank had pledged USD 22mn in aid to the Afghan government for the development of Afghanistan’s market system through the New Market Development Program. The development objective of the New Market Development Project is to help in the

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Germany pledges 69 Million Euros for power production in northern Afghanistan

The German development bank Kreditanstalt für Wiederaufbau (KFW) signed an agreement worth Euros 69 million with the Ministry of Water and Energy for power production projects in northern Afghanistan. The KFW in-charge said 27 million Euros would be spent for

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