The Chinese and World Bank (WB) presidents have congratulated President Ashraf Ghani on his re-election for a second term, the Presidential Palace said Wednesday. Chinese President Xi Jinping in his congratulatory message to President Ashraf Ghani wrote: “Afghanistan is going…
KABUL and economic impacts of the coronavirus outbreak. This financing is designed to help member countries take effective action to respond to and, where possible, lessen the tragic impacts posed by the COVID-19 (coronavirus). Via this new fast-track package, the…
KABUL Bank said on Wednesday. “Growth picked up in Afghanistan in 2019. This is good news, but insecurity and political uncertainty are holding back the Afghan economy,” said World Bank Country Director Henry Kerali. Afghanistan needed to ramp up the pace…
KABUL Gas Project that will provide sustainable natural gas supply to independent power producers in the country’s north. More specifically, the Afghanistan Gas Project will provide direct financing and technical assistance for the construction, operation and maintenance of a gas pipeline from Shiberghan…
KABUL. The financing is aimed at increasing domestically generated electricity through the gas-to-power energy projects, whilst leveraging private financing for the energy sector in the country. World Bank Country Director Henry Kerali said: “Afghanistan’s energy needs are enormous and the…
KABUL, according to a statement on Sunday. Henry Kerali, a Ugandan national, joined the World Bank in 2003 and has held several leadership positions across the Bank. He recently served as the Country Director for Ghana, Liberia and Sierra Leone…
KABUL. The new building was officially opened by Mohammad Humayon Qayoumi, acting minister of finance and chief advisor on infrastructure and technology to the president; Hartwig Schafer, World Bank vice president for the South Asia Region; and Nena Stoiljkovic, Asia…
The World Bank has underlined the need for efforts to achieve real progress on the South Asia Free Trade Agreement (SAFTA). In a report released on Wednesday, the World Bank called for multi-pronged effort to remove non-tariff barriers,…
KABUL Bank report released on Wednesday said. With five reforms in the past year, Afghanistan advanced to XXX place in the global ease of doing business rankings, the World Bank Group's Doing Business 2019: Training for Reform report said. The…
KABUL’s economic empowerment, according to a statement. Finance Minister Mohammad Humayon Qayoumi, and Shubham Chaudhuri, World Bank Country Director for Afghanistan in the presence of Ministers of Education, Rural Rehabilitation and Development, Higher Education and Deputy Minister of Women Affairs…
KABUL Bank warned in its latest development update on Tuesday. Afghanistan’s economy had slowly regained momentum as reforms had been implemented and confidence restored after a series of setbacks, the update said. The half-yearly update recalled the economic shock of…
KABUL, promising continued support to the Afghan people. Appointed on July 1, Schafer has visited Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka. Afghanistan is the first country in the region Schafer has visited after he took…
A delegation of the World Bank (WB) has promised providing $60 million for the expansion of the electricity network in western Herat province. The WB team, during a meeting with Governor Mohammad Asif Rahimi, said the aid…
KABUL plan to reverse the falling number of girls in school. The new initiative -- Education Quality Reform in Afghanistan (EQRA) -- will be placed soon for approval before the World Bank’s executive board in the coming weeks. In a…
KABUL’s economy and improve access to quality healthcare. Minister of Public Health Dr. Ferozuddin Feroz, Minister of Communications and Information Technology Shahzad Aryobee and acting vice-president of World Bank for South Asia Ethel Sennhauser were present at the signing ceremony.…
KABUL sector will boost the economy and generate jobs for the people. Hamdullah Mohib expressed the view after the World Bank released its report on agriculture development in Afghanistan. Mohib said investment in the agriculture sector was investment in capacity…
KABUL soared to 39 percent of the population in 2013-14 from 36 percent in 2011-12, meaning an additional 1.3 million Afghans were unable to satisfy basic food and non-food needs, a report said on Monday. Poverty and unemployment increased in…
WASHINGTON (PAN Bank said on Wednesday. While projecting a growth rate of 0.5 percent in 2016, the World Bank said in its latest report on South Asia. The growth rate is gradually expected to rise to 3.5 percent by 2018.…
KABUL of the Naghlu dam under agreements signed on Sunday in Kabul, officials said. The contracts were signed between WB country director in Afghanistan and the Afghan finance and agriculture ministers and the head of Da Afghanistan Breshna Shirkat in…
