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Afghan Economy to Rebound to 3% in 2021, Rising to 4% in 2022
Afghanistan’s economic growth is expected to recover this year and accelerate next year after a sharp decline in 2020 from the coronavirus disease (COVID-19) pandemic and continued violence and instability, said a new report by the Asian Development Bank (ADB).
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Afghanistan’s Economic Growth Predicted at 1% in 2021
Growth is expected to reach one percent in 2021 and top around three percent in 2022 as the COVID-19 crisis fades, according to the latest report by World Bank. Released today, Setting Course to Recovery shows that robust agricultural growth
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“Peace in Afghanistan will bring economic opportunities”
Acting US Ambassador to Kabul Ross Wilson has said that a lasting peace in Afghanistan will create great economic opportunities. “#PeaceforAfghanistan will bring economic opportunities for displaced people and all Afghan citizens. Peace will increase trade, improving employment prospects,
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33% Hike In Afghanistan’s Exports As A Result OfAir Corridors
Afghanistan has exported over 11,000 tons of goods worth more than $238 million, comprised of fresh and dry fruits, natural herbs, handicrafts, rugs, sheep skin, vegetables and saffron to international markets since the inauguration of the very first air corridor
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Presidential Elections Campaign Officially Kicks Off in Afghanistan.
Afghanistan’s presidential elections campaign officially started July 28, 2019, and will be concluding on September 25th. The campaign has 18 candidates, with current President Ashraf Ghani and Chief Executive Abdullah Abdullah in the race. Hawa Alam Nuristani, the chairwoman of
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Kabul Expo Showcases Local Products
The Afghan government and the private has jointly organized a four-day expo which kicked off on Tuesday. Over 170 companies–displaying a range of products from handicrafts to telecommunication to industrial and agricultural products–ave participated in the expo. Addressing the inaugural
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Afghanistan’s economy to grow from 2.2% to 2.6% in 2017
Afghanistan’s economic growth is projected to increase slightly to 2.6 percent in 2017 from 2.2 percent in 2016 as the country’s deteriorating security weighs on the economy, according to the latest Afghanistan Development Update series released today by the World
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Kabul explosion inflicts a financial loss of $10mn
The Afghan Chamber of Commerce and Industry (ACCI) has estimated the financial loss caused by yesterday’s explosion at USD 10mn. “The private sector has suffered a loss of USD 10mn as a result of the attack,” said Siyamuddin Pesarlay, ACCI
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Afghan private company to invest $1.3bn in Kabul
An Afghan private company will invest USD 1.3bn in Kabul, according to a statement from the Presidential Palace. Gulbahar Company presented its plan to the national economic council meeting chaired by President Mohammad Ashraf Ghani. The investment will create jobs
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Afghan government to raise $2.5bn in revenue in March, 2017
Afghan Finance Ministry expects to raise USD 2.5bn in revenue in March, 2017, USD 500mn above the target. The boost in revenue is linked to a new tax regime that is aimed at stopping the country’s dependence on international aid
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Afghan Ministry of Rural Development exceeds its 100-day target
The Ministry of Rural Rehabilitation and Development (MRRD) has executed 4,809 uplift projects across the country during the past six months. MRRD Minister Nasir Ahmad Durrani said his ministry has crossed the 100-day development target and added that around three
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The completion of development projects help thousands of people in Ghor
Three development projects implemented under the National Rural Access Program (NRAP) and the National Area-Based Development Program (NABD) of the Ministry of Rural Rehabilitation and Development were recently completed in Dawlatyar and Lal-wa-Sarjangal districts of Ghor province. Built at a
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Over 4,000 families benefit from 15 completed infrastructure projects in Nangarhar
With 10% community contribution, the National Solidarity Program (NSP) of the Ministry of Rural Rehabilitation and Development (MRRD) has completed building 15 utility projects in the Khogiany district of Nangarhar province. According to them, the project has a price tag
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Afghanistan “truly open for business”
Afghanistan is building up its economy after over 30 years of conflict. President Ghani has put the economy high up on his agenda and has declared the country “truly open for business”. In a step towards this goal, Kabul hosted
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Experts talk economics and media at Afghan-German Cooperation Media Meeting in Mazar
With the state of Afghanistan’s finances making headlines almost daily in national and international media, last week’s Afghan-German Cooperation Media Meeting in Mazar-e-Sharif dealt with the economy. The meeting gave the press an opportunity to talk with experts about trade
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Afghan National Development Strategy must be on the basis of domestic resources: Legislators
A number of parliamentarians urged President Ghani’s administration to plan the Afghan National Development Strategy (ANDS) on the basis of the available domestic resources. This comes after Acting Ministry of Economy, Abdul Hadi Arghandiwal, announced that the implementation of ANDS
Read MoreAfghanistan’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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Afghanistan on the brink of a financial crisis
Ministry of Finance (MoF) officials announced Tuesday that the government is in need of USD 537mn as the government is virtually broke due to the prolonged elections impasse. Director General of the Treasury at the MoF, Alhaj Mohammad Aqa, told
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Afghanistan’s exports up by 33%: ACCI
According to a recent report by the Export Promotion Department of the Afghanistan Chamber of Commerce and Industries (ACC), Afghanistan’s exports have reached USD 524mn in 2013, indicating a 33% rise from 2012 exports. In 2012, Afghanistan’s exports had touched
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Afghan government optimistic about the new economic policy
Afghan Ministry of Economy is optimistic about the new economic policy that is expected to bring visible changes to the economy of the country within three years. According to the Ministry’s spokesperson, Najibullah Amin, the new policy includes mines extraction,
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The impact of high cost of weddings on Afghan boys and girls
Lailuma, a 40 year old woman teaching at a government school, is yet single. Many would knock on her door to ask for her hand when she was in 12th grade. “My parents did not find it necessary to marry
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Afghanistan’s natural resources are in danger
Herat’s Directorate of Agriculture, Irrigation and Livestock held a conference on the introduction, conservation and development of natural resourced with collaboration from the United Nations Development Program-UNDP. According to the directorate’s officials, interventions from the neighboring countries and insecurity have
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Sequestration Threatens Afghanistan Reconstruction Effort
Professional Overseas Contractors (POC)-The Afghanistan Security Forces Fund and the Economic Support Fund for Afghanistan have roughly $6 billion in un-obligated money from the past two years, enough to cover that country’s projects through 2014, according to the Special Inspector
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Poor quality flour imported from Iran recovered
Herat’s customs officials have recovered over 70 tons of substandard flour imported from Iran through Islam Qala border, Herat’s main transit point with Iran. Custom Director Khaliqullah said five businessmen had imported 1,444 bags of substandard flour in trucks. The
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22 midwives graduated from community midwifery education program
Upon completion of two years training, 22 midwives graduated from SCA Community Midwifery Education (CME) program in Sar-e-Pul province. The graduation of this fourth batch of midwives brought the figure to 84, trained by Swedish Committee for Afghanistan CME programme
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