Investment in Afghanistan declines by 59%

by Wadsam | November 22, 2016 10:02 am

The Central Statistics Organization (CSO) and Afghanistan Chamber of Commerce and Industries (ACCI) have predicted tough economic ties ahead as investment has plummeted  59%.

The two bodies urged the government to design a working economic policy aimed at attracting investment.

Corruption, high taxes and security threats are cited as the main barriers to investment growth in Afghanistan.

The ACCI said the government has failed to address the issue and slammed it for failing to win investors’ trust.

According to the CSO, existing investments in the first nine months of the current year dropped by 59 percent compared to the same period last year.

Source URL: http://wadsam.com/afghan-business-news/investment-afghanistan-declines-59-232/