Afghanistan owes $2.5bn in loans from foreign countries

in Afghan Business

Afghanistan owes $2.5bn in loans from foreign countries

According to Afghan Ministry of Finance officials, Afghanistan owes USD 2.5bn in loans from foreign countries and financial firms during the past 14 years.

The loans were taken from Iran, the Czech Republic, the World Bank,  the Asian Development Bank and the Russian Federation and are not due in 40 years.

Head of the treasury department Mohammad Aqa Kohistani said Afghanistan obtained USD 970mn in loans from the Russian Federation.

He added that negotiations were underway with the Russian government and other loan providers to forgive the loans.

The loans were needed to complete some of the infrastructure projects in the country.


Tags assigned to this article:
Afghanistan foreign loansAfghanistan loans

Related Articles

21 Ways Rich People Think Differently

1. Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all

US spent Almost $500 million to mine oil, gas, and minerals in Afghanistan

The continuing slump of crude prices has affected not only the oil and gas companies, but also nations who have

Afghan lawyers’ association opens new offices in Kunduz with German, Dutch support

The Afghanistan Independent Bar Association (AIBA) opened its new offices in Kunduz city on Thursday. The total costs for buying

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Your e-mail address will not be published.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 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