English | دری

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

in International Business

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.

Related Articles

Germany and France to Discuss Extension Allowance to Greece

German Chancellor Angela Merkel and French President Francois Hollande are set to have talks on allowing more time to Greece

Apple-Samsung patent battle heads to trial

In a case prompted by Apple in April last year, the two companies accounting for more than half of all

“Baby recession” to hit Eurozone

High unemployment and tough austerity measures have brought some Eurozone economies on the verge of a potential “baby recession”. Unable

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.