Tag "Afghanistan economic growth"
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Afghanistan’s Economy To Plummet By 3% & Poverty To Increase By 7%
Afghanistan’s economic growth will decline by 3% and poverty will increase by 7% this year due to the spread of the coronavirus, said Economy Minister Mustafa Mastoor. Minister Mastoor made these remarks at a virtual summit entitled “Supporting the Revival
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Afghan Economic Growth Projected at 4% in 2021: ADB Report
According to the Asian Development Outlook 2020 report, political uncertainty and COVID-19 pandemic are going to further dampen Afghanistan’s economy. The country’s economic growth is expected to remain sluggish in 2020 at an unchanged rate of 3.0% from 2019. However,
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Afghanistan’s Economy Grew By 2% in 2018: World Bank Report
Afghanistan’s economic growth rate was around 2% in 2018, resulting in the lowest growth rates among South Asian economies in 2018. According to the World Bank’s recent Afghanistan Development Update, Afghanistan faces challenges of security, political uncertainty, potential declines in
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Labor Migration Can Help Boost Afghanistan’s Growth
Afghanistan can boost its growth and create more jobs by establishing better migration policies to help its migrant workers seek opportunities abroad, says a new report released today by the Government of Afghanistan and the World Bank. The report Managed
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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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Afghanistan’s economy to grow by 2.5%: ADB reports
According to a recent report released by the Asian Development Bank (ADB), Afghanistan’s economy is expected to grow by 2.5% this year. The report says Afghanistan’s economy will see a boost this year due to favorable weather, improved domestic revenue
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SMEs can be a catalyst for Afghanistan’s economic growth
The Afghanistan Investment Support Agency (AISA) chief Mohammad Qurban Haqjo said on Wednesday that promoting small and medium enterprises (SMEs) can be a catalyst for economic growth of Afghanistan. Addressing a conference on SMEs at Karwan University in Kabul on
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USAID’s role in economic development of Afghanistan
Afghanistan continues to face economic hurdles, as it remains one of the world’s poorest countries. Insecurity and corruption threaten efforts to establish an inclusive, growing, and self-sustaining economy that attracts investment, promotes trade and creates jobs. The United States Agency
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USAID launches $13.3 million investment climate reform program
The United States Agency for International Development (USAID) announced a new $13.3 million program to make it easier for private sector firms to do business in Afghanistan. The four-year Afghanistan Investment Climate Reform Program will be implemented by the International
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President Ghani encourages domestic industrial growth
President Ashraf Ghani introduced his much-awaited cabinet nominees to the Parliament on Tuesday and termed economic development, fighting corruption and promoting inclusivity as his cabinet’s priorities. He stressed upon encouraging domestic industrial growth and moving away from relying on donors’
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Afghan economy growth projected at 1.5% in 2014
The World Bank in its twice-a-year report—South Asia Economic Focus—has projected a gloomy 1.5% growth rate for Afghanistan’s economy for the year 2014. Afghanistan is on the verge of a fiscal crisis, with declining revenues leading to an unfinanced fiscal
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Afghans fear an economic collapse
With the US spending boom coming to an end, many Afghans fear the economy would collapse. The World Bank has predicted an economic growth of 3.2% for this year compared with the expanding rate by as much as 14 percent
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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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ADB to donate USD 400mn to revive Afghan economic growth
The Asian Development Bank (ADB) plans to donate USD 400mn to Afghanistan over the next two years to stimulate economic growth. This comes as the nation’s economic growth was sharply tumbled in 2013, with the inflation rate reaching 7.4% in
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Afghanistan’s economic growth rate weakens sharply in 2013
The World Bank in its twice-yearly Global Economic Prospects has estimated a rate of 3.1% for Afghanistan economic growth in 2013. The figure indicates a sharp decline from 14.4% rate in 2012. “Afghanistan’s GDP growth is projected at 3.5 percent
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Update on Afghanistan’s Economy-World Bank Report
One year into the transition process, Afghanistan sustains robust economic growth. An exceptional harvest, supported by the launch of first large-scale mining activities, increased real GDP growth from 7.3 percent to an estimated 11.8 percent in 2012. Inflation dropped to
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Update on Afghanistan's Economy-World Bank Report
One year into the transition process, Afghanistan sustains robust economic growth. An exceptional harvest, supported by the launch of first large-scale mining activities, increased real GDP growth from 7.3 percent to an estimated 11.8 percent in 2012. Inflation dropped to
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Afghanistan witnesses a slower economic growth in 1391
According to reports, Afghanistan’s economic growth in 1391 was lower than previous year. Afghanistan’s balance of trade stood at -95%. The country’s widening gap between Afghanistan’s exports and imports is seen as a potential threat to the economy of Afghanistan
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Corruption-a major challenge ahead of Afghanistan’s economic growth
Afghan traders have once again expressed their hopelessness in the continuity of investment in Afghanistan. They have cited corruption as a major challenge ahead of investments and economic growth in Afghanistan. According to the traders, Afghanistan’s endemic corruption, bureaucratic management,
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First High Economic Council Meeting Held
The first meeting of the High Economic Council meeting was hosted by President Hamid Karzai on Wednesday. President Karzai set up a High Economic Council, led up by the president himself, to boost the country’s economy. Members include the Ministers
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Afghanistan’s economic growth dropped by 5.7% in 2011
According to the Asian Development Bank’s latest report, Afghanistan’s economic growth is reduced by 5.7% mainly caused by decline in agricultural production due to constant droughts. As per the report, expenses of the private sector associated with more frequent flow
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