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Afghanistan’s economy to grow by 5% till 2025: World Bank

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Afghanistan’s economy to grow by 5% till 2025: World Bank

The World Bank has predicted that Afghanistan’s economy from today will grow by 5% till 2025.

“If the agriculture and natural resource sectors of the economy are well managed, the country will see a growth of 6.7% annually,” a representative from the World Bank.

Previously the growth was forecasted to be at 4.9% annually.

Ahead of a major international conference in Tokyo on Afghanistan’s economic future, World Bank country director Bob Saum said the coming decade offered “high hopes, expectations and great opportunities” for Afghanistan.

Afghanistan will be sitting at the Tokyo conference next week to secure USD 4billion a year in pledges from international donors for the ‘transition period’, when Afghanistan begins to stand on its own feet.

“To give the people of Afghanistan and the international community confidence in the way development funds are spent and results are achieved, the government must continue to address the challenges of security… governance including corruption and macroeconomic management,” he told reporters.

Afghan Finance Minister Hazrat Omar Zakhilwal said Kabul would use the Tokyo conference to set out in detail the government’s fight against corruption and where more work was needed.

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