Islamic Emirate lauds WB report on Afghanistan economy

KABUL (Pajhwok): The Islamic Emirate has welcomed the World Bank’s report on Afghanistan’s economic landscape and urged the bank to complete its unfinished projects in the country.

The Islamic Emirate also said positive interaction from the international community could significantly contribute to the country’s further economic development.

A statement issued from the deputy prime minister for economic affairs Mullah Abdul Ghani Baradar’s office said if all international organizations like the World Bank presented factual image of Afghanistan to the world, it would lead to the world’s positive interaction with the Islamic Emirate.

On Tuesday, the World Bank in its report “Afghanistan Economic Monitor” said that inflation in the landlocked country was 18.3% in July 2022 and since then, has been on a “downward trend.”

According to official statistics, the year-on-year (YoY) headline inflation “eased further in March 2023 to 1.94% (compared to 3.5% in February 2023),” said the report.

The report further said that government employees also received timely salaries while banks have been reported as the most prevalent mode for salary withdrawals.

During the Jan-April 2023 period, the total exports also reached $0.6 billion, a rise of 4% as compared to the same period in 2022.

The statement from Baradar’s office said: “The Islamic Emirate appreciates the economic dynamics the bank portrayed in its report ”.

It said positive interaction from the international community would undoubtedly help Afghanistan progress further in the economic sector and the burden would reduce on the international community.

The interim government asked all international organizations and aid agencies to join hands with the Islamic Emirate in reconstruction of Afghanistan. “This will reduce the unemployment rate and have a more positive impact on the country’s economic situation”.

The acting government also asked the World Bank to resume and complete its unfinished projects in the country.

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