Investment in Afghanistan slumps by USD 120mn this year

by Wadsam | August 24, 2015 4:30 am

The Afghanistan Investment Support Agency (AISA) reported on Sunday that investment in the country during the first two quarters of 2015 stands at USD 270mn, marking a decline of USD 120mn from last year’s corresponding period.

AISA Chief Mohammad Qurban Haqjo warned of a potential economic crisis if this trend continues.

He called on the government to provide a favorable environment for investment.

The Agency plans to carry out surveys across the country to have a clear picture of the economy and to determine what economic policies would work out best.

Afghanistan’s economy continued to shrink after the withdrawal of foreign forces.

The Taliban-led insurgency has been rampant and has staged numerous attacks across the country including the capital city of Kabul.

Source URL: http://wadsam.com/afghan-business-news/investment-in-afghanistan-slumps-by-usd-120mn-this-year-232/