Afghan government seeks bailout from donors to pay salaries

in Afghan Business

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 on international donors for a bailout.

Mohammad Aqa Kohestani, head of the treasury at the Ministry of Finance, said government officials have met with representatives of the United Nations and a group of about 25 donors this week to address the budget issue.

Afghanistan had asked for a USD 537mn bailout in September, but donors only provided USD 170mn.

The budget crisis is one of the many issues facing President Ashraf Ghani’s administration.

Ghani is yet to appoint its cabinet after almost three months into his presidency.

Afghanistan’s economic growth has plunged to 1.5% this year, down from 3.7% last year.

Despite the influx of billions of dollars, Afghanistan’s economy has failed to achieve self-sufficiency and the cut-down in donations has left the economy crippled.



Related Articles

Donor community pledges to support Afghanistan’s agriculture sector

The officials of the United States and the World Bank have pledged to support Afghanistan’s agriculture sector at a high-level

Kunduz conflict causes over USD 100mn in losses

The recent conflict has inflicted USD 100mn worth of losses on the Afgham government, said Afghanistan Chamber of Commerce and

Afghan research think-tank partners with UK academia for War on Drugs research project

Leading experts from the Afghanistan Research and Evaluation Unit (AREU), a top Afghan research think-tank and the UK academia are

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Your e-mail address will not be published.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.

cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china