Afghan economy growth projected at 1.5% in 2014
Afghanistan is on the verge of a fiscal crisis, with declining revenues leading to an unfinanced fiscal gap in 2014.
The dismal growth rate is linked to the political upheaval and security uncertainty over the last several months.
According to the report, the new government is facing several challenges including restoring confidence in its economic prospects, creating over 400,000 jobs, aid dependence, corruption, persistent poverty and low levels of human development.
The report noted that the Afghan authorities need to prioritize the reform process in order to revive the economy.
It highlighted the agricultural sector as the foundation to trigger growth, as the sector accounts for about a quarter of the GDP and is linked to other parts of the economy, such as food and beverages, which forms most of the manufacturing sector and parts of transport and retail sectors.
The bank added that the economic growth could pick up pace if uncertainty is reduced and reforms are processed immediately.
Three domestic and two international groups were approved through the Expression of Interest stage for the purchase of New Kabul
Handicrafts made by handicapped Afghan women have been put on display in Kabul on Saturday. Organized by the Bright Future
With a cost of 2,410,905 AFN, six projects of the National Solidarity Program of the Ministry of Rural Rehabilitation and