2.7 billion afs paid off to foreign lenders: MoF

KABUL (Pajhwok): The Ministry of Finance (MoF) has paid off 2.7 billion afs debt to some foreign institutions taken by the previous government, a statement said on Monday.

“2.7 billion afs have been paid to the system from the remaining loans of a number of international institutions from the previous government.

According to the decision of the leadership of the Islamic Emirate of Afghanistan (IEA), the MoF has paid off 2.7 billion afs in loans to some foreign institutions.

The statement added that 910 million afs have been returned to the World Bank and 1.9 million afs to the Asian Development Bank.

In addition, the MoF has set aside an amount in this year’s budget to pay off debt. The decision is taken in line with the demand of lenders and the leadership of the IEA.

According to the information of the Ministry of Finance, the Islamic Emirate has not taken a loan from any foreign country or institution in the last three years, but it is trying to pay off the remaining debts from the previous administration.

The source did not specify the amount of loan taken by the previous administration.

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