English | دری

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

Samangan’s almond production up by 20%

Agriculture and Livestock Department in Samangan has reported that almond yield in Samangan has increased by 20%. Head of the

Afghan women taking over kite making industry

Afghan women have entered the kind making industry, which has historically been a male-dominated industry. The need to  feed their

USAID awards new GPS units to Afghan Ministry of Mines

The United States Agency for International Development (USAID) awarded the Cadastre Department at the Ministry of Mines and Petroleum eight

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Your e-mail address will not be published.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.