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World Bank Approves $200mn to Help Afghanistan Mitigate COVID-19 Impacts

The World Bank Board of Executive Directors today approved a $200 million grant to help Afghanistan mitigate COVID-19 impacts and provide relief to vulnerable people and businesses. The Afghanistan COVID-19 Response Development Policy Grant comprises $100 million from the International

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Afghanistan To Launch Its First Gemstone Certification Lab

Silk Road Heart will be Afghanistan’s first gemstone certification lab and lapidary to be launched in June 2020 with support from USAID INVEST. According to Medium.com, the gemstone certification lab in Afghanistan will identify, certify, cut and polish the stones

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Cotton Production Up By 21% In Afghanistan

According to figures from the Ministry of Agriculture, Livestock and Irrigation (MAIL), cotton production has increased by 21% across 17 provinces of Afghanistan.  The cotton production has reached to 73,119 tons this year compared to last year’s figure of 57,450

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Procurement, Trade and Investment Opportunities in Afghanistan

Afghanistan has adopted the market economy in the constitution of the country and has experienced a slight recovery in growth since 2015, with growth accelerating to 2.3 percent in 2016 and reaching 2.7 percent in 2017. Afghanistan’s total GDP was

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Peace Deal Without Economic Opportunities Not Enough for Afghanistan

Written by: *Gul Maqsood Sabit, Lecturer, Ohlone College, Fremont, California, USA. Former Deputy Minister of Finance, Afghanistan. The recent announcement of a ceasefire by the Afghan government and then Taliban agreement to a Three-day ceasefire is rather encouraging and hopeful

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Afghanistan, WB sign $691mn worth of grant agreements

The World Bank has committed to providing $ 691mn to help revive Afghanistan’s economy and improve access to quality healthcare. An agreement to that effect was signed between Afghan Finance Minister Eklil Hakimi and World Bank Country Director Shubham Chaudhuri

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China extending CPEC to Afghanistan

The Asian Competitiveness Annual Report 2018 released on Sunday on the sidelines of China’s Boao Forum for Asia (BFA) annual conference said the China-Pakistan Economic Corridor (CPEC) is being extended to Afghanistan. CPEC is the flagship project of China’s ambitious

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IMF projects Afghanistan’s GDP at 2.5% for 2018

The International Monetary Fund (IMF) has projected Afghanistan’s GDP for 2018 at 2.5% and inflation is forecasted to average about 5% in 2018. “Afghanistan’s GDP growth for 2018 is projected at 2.5 percent, the same rate as recorded in 2017,

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Entrepreneurship the key to Afghanistan’s peace building process

By: Matiullah Rahmaty Afghanistan and conflict are synonyms since I can remember. The conflict in Afghanistan has resulted in problems that make life harder each year. Despite the efforts of the Afghan government and international community, peace in Afghanistan is

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First phase of Chabahar port connecting Afghanistan, Iran and India inaugurated

Iranian President Hassan Rouhani inaugurated the first phase of the Chabahar port on the Gulf of Oman on Sunday. Situated on the Gulf of Oman in the Sistan-Balochistan province of Iran, the port will open a new trading routes connecting

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Afghanistan eyes greater participation in regional trade

Afghan government officials and business leaders have advanced two plans that, once finalized, should help the country increase trade – a time-proven method, when applied effectively, for creating jobs and reducing poverty. The country’s proposed National Export Strategy surmounted two

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Germany provides AFN 6.4bn in funds to Afghanistan

The Afghan government and the German KfW Development Bank signed a financial agreement on Thursday. As per the agreement Germany provides AFN 6.44 billion funds to the Afghan state. The budget will be allocated to the Afghanistan Reconstruction Trust Fund

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Leaders from 40 countries to discuss Afghanistan’s economic development in Turkmenistan

The Seventh Regional Economic Cooperation Conference (RECCA VII) ministerial meeting is scheduled on November 14-15, 2017 in Ashgabat-Turkmenistan. Political and business leaders from 40 countries are going to discuss economic cooperation and ways of attracting private investment to Afghanistan. Organized

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Herat to harvest over 8 tons of saffron this year

Agriculture, Irrigation and Livestock department in Herat said Herat farmers expect to harvest over eight tons of saffron this year. Department’s head Abdul Saboor Rahmani said the number of acres of land cultivated for saffron has increased from last year’s

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Afghan government approves fiscal budget for year 1397

The 1397 fiscal year budget was approved in principle during a meeting of the cabinet of ministers under the chairmanship of President Mohammad Ashraf Ghani. The budget consists of 357,691,493,000 Afghanis for the development and ordinary expenditures of the government

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Afghanistan, India strengthen economic bond through Trade and Investment Show

In an effort to strengthen commercial and economic ties between Afghanistan and India through trade and investment, the Governments of India and Afghanistan, along with the United States Agency for International Development (USAID), opened the first “Passage to Prosperity: India-Afghanistan

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Afghan government to distribute 500 tons of saffron bulbs to farmers

The Afghan Ministry of Agriculture, Irrigation and Livestock will distribute 500 tons of saffron bulbs one month ahead of the planting season to help farmers cultivate 3,000 acres of saffron in the country. The country’s saffron is exported to Arab

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Here’s the New Afghan Strategy Trump’s Been Waiting For

The Introduction. President Trump is looking for better options before deciding policy on the war in Afghanistan. The latest headlines describe the problem but no one seems to have the solution: What will Trump do about Afghanistan?[1] He is right

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Afghanistan Business Summit launches to present a stronger, ethical face of private sector

A mega gathering of Afghanistan’s elite private sector firms, namely Afghanistan Business Summit,  was launched on August 1 to showcase success stories of the business sector, share future investment opportunities, and encourage collaboration of the private sector with the government

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ABADE program completes 5 years of success promoting Afghan entrepreneurship

In October of 2012, the United States Agency for International Development (USAID) in Afghanistan launched an economic growth program to work with the private sector to strengthen productivity and help enterprises sustain growth and create jobs. Over the past five

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Does Afghanistan really want entrepreneurs?

by Akbar Borran Afghanistan has targeted a transformation period between 2015 to 2024 to achieve self-sufficiency. The economy is heavily dependent on development aid and economy of war. This is not sustainable and can shrink or collapse at any time.

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Lapis Lazuli Corridor agreement to be inked in near future

Afghan Finance Minister Eklil Hakimi in his recent trip to Georgia discussed the Lapis Lazuli transit Corridor with officials from the four countries along the Corridor: Turkmenistan, Azerbaijan, Georgia and Turkey. According to reports, an agreement is set to be

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Afghanistan must increase economic growth to at least 4% due to population growth

The Central Statistics Organization (CSO) urged the government to enhance their efforts in boosting the economy to increase the annual economic growth due to the population growth. According to CSO, Afghanistan has a 3% annual economic growth while the population

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Tajikistan, Uzbekistan, Iran promise to bolster economic cooperation with Afghanistan

President Mohammad Ashraf Ghani met with the leaders of Tajikistan, Uzbekistan and Iran on the sidelines of the Shanghai Summit which was held in Astana, Kazakhstan. According to a statement from the presidential palace, President Ghani discussed expansion of Afghanistan’s

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Afghanistan, China sign MoUs for railway network, electricity projects

Afghanistan and China have signed Memorandum of Understandings for reconstruction of railway network from Sherkhan Port to Herat and implementation of the electricity project on Kabul-Kunar River. The MoUs were signed on Friday in the presence of President Mohammad Ashraf

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