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Afghanistan receives $83.5mn from WB for bringing reforms

The Afghan Ministry of Finance announced receiving USD 83.5mn in incentive funds from the World Bank on Monday. “The donation from the World Bank is based on Afghanistan’s commitments to successfully implement reforms in key sector,” said the statement from

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Upcoming Brussels conference to focus on Afghanistan’s stability, regional cooperation and economic reforms

On 5 October 2016, the European Union and the Government of Afghanistan will co-host the Brussels conference on Afghanistan. This event will gather up to 70 countries and 30 international organizations and agencies. It will provide a platform for the

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Afghan government seeks bailout from donors to pay salaries

The Afghan government has asked donors for a bailout before the end of the year, as salary payments to government employees are still pending. The national treasury has run out of money to pay salaries this month and has called

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President Ghani Meets German Minister of Economic Cooperation and Development

Mohammad Ashraf Ghani, President of Islamic Republic of Afghanistan, met in his office with Gerd Müller, German Minister of Economic Cooperation and Development. Expressing optimism about the future of Afghanistan under the leadership of the new government, Minister Müller said,

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China offers USD 327mn in aid to Afghanistan through 2017

China has pledged USD 327mn in aid to Afghan government following a meeting on Tuesday between China’s President Xi Jinping and his Afghan counterpart Ashraf Ghani. The aid commitment, running through 2017, comes as US troops are withdrawing and Afghanistan

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President Ghani, CEO Abdullah promise to resolve telecom issues

President Ashraf Ghani Ahmadzai and Chief Executive Abdullah Abdullah assured telecom companies that their problems would be resolved on a priority basis. Addressing a meeting with representatives of telecommunication companies, President Ghani said the telecom sector was a priority and

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EU grants € 1.4bn for the development of Afghanistan

The European Commission announced Friday new development funding of € 1.4bn to Afghanistan for the period 2014-2020. The agreement to that effect was signed between European Commissioner for Development, Andris Piebalgs, and the National Economic Adviser to President Ghani, Hazrat

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Business confidence in Afghanistan to boost after signing of BSA

The Bilateral Security Agreement (BSA) is going to be signed on Tuesday between Afghanistan and the US government. The BSA is a key document that will determine the volume of the US troops to stay in Afghanistan after 2014. The

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Afghanistan’s new unity government to serve as a green signal for investors

Afghanistan’s industrialists are optimistic about the formation of the new unity government and believe it might boost foreign investment. Addressing a press conference in Kabul on Saturday, Deputy Head of the Afghanistan Association of Industrialists (AAI) called on the new

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Afghani goes up against US dollar

The value of the Afghani currency has picked up pace after months of considerable decline. The uncertain political situation and the prolonged elections process had hit Afghani hard as investors were hesitant to bring in capital in the country. Other

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Afghan runoff contenders call for immediate ratification of Anti-Money Laundering Laws

Afghan presidential candidates, Dr. Abdullah Abdullah and Ashraf Ghani, have emphasized on immediate ratification of Anti-Money Laundering and Prevention of Financing Terrorism laws. Campaigning for the June runoff election, the contenders expressed concerned about Parliament’s delay in passing the laws.

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Afghan Intellectuals Explore Development Potential in Afghanistan during 2014-24

Kabul, Afghanistan, April 04, 2013—Today, more than a hundred Afghan intellectuals gathered at the first Fulbright Alumni Conference to explore challenges and opportunities during the Afghanistan decade of development 2014-24 at Kabul Intercontinental Hotel. The daylong conference aims to contribute

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Afghanistan’s economic issues must be seriously considered- Ahmadzai

Head of the Afghan Transition Commission Ashraf Ghani Ahmadzai warned about the potential threats Afghanistan might face, if significant attention is not paid towards Afghanistan’s economic and investment conditions. He cited the rising youth population, the widespread unemployment and the

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Zakhilwal, Ghani seek US economic support

PAN-Finance Minister Omar Zakhilwal and Transition Coordinator Ashraf Ghani on Wednesday held crucial talks with senior US officials on economic cooperation and American support for economic transition. Deputy Secretary of State Thomas Nides led an interagency US delegation at the

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