KABUL (Pajhwok): The World Bank says the Afghan economy is expected to hover around no-growth territory this year, amid uncertainty after contracting by 25 percent since August 2021. In its latest report, WB says the caretaker government’s restrictive policies on…
KABUL (Pajhwok): The Deputy Prime Minister’s Office for Economic Affairs on Saturday praised a latest World Bank’s report regarding improvement in Afghanistan’s economic situation and called it based on facts. The deputy PM office in a press release said the…
ATLANTA (Pajhwok): In a fresh report, the World Bank says despite improvement in Afghanistan’s economic situation, the country’s trade balance deficit has exceeded two billion dollars. Revenue collection for the first four months of fiscal year 2023 was healthy, totaling…
KABUL (Pajhwok): About 100 experts attending a World Bank-organized workshop discussed ways to strengthen Afghanistan’s payments system to help private sector and create jobs. World Bank Country Director for Afghanistan Melinda Good tweeted: “Over 100 experts at today's workshop- from…
KABUL (Pajhwok): Officials of a number of media outlets on Thursday said the World Bank owed them five million afghanis for publishing public awareness advertisements regarding the Dastarkhwan-i-Milli program. Officials of the media outlets held a meeting in Kabul today…
KABUL (Pajhwok): Dozens of workers of some organizations, who worked in the National Food Program during former president Ashraf Ghani’s administration, protested for not being paid. The protestors included around 100 workers of Afghanistan Development Association (ADA), Sanayee Development Organization…
KABUL stabilise its financial sector and support small enterprises as the country strives to spur its recovery from Covid-19. Funded by the International Development Association, the Strengthening Afghanistan’s Financial Intermediation (SAFI) project will enhance capacity of the central bank for…
KABUL’s economy could experience a contraction, as mitigation measures are likely to weigh heavily on private consumption. In a report, the World (-2.6% in FY 2019/20) and Afghanistan (-5.5% in 2020) are both projected to experience contractions.” Key labour-intensive export…
KABUL preparedness. Approved by the bank’s Board of Executive Directors, the new fast track package will cover all 34 Afghan provinces, the bank said in a press release on Friday. The package will reinforce essential health care services to slow…
KABUL Bank report. The World Bank report examines the country’s overall medium-term financing needs under a range of political and economic scenarios. It concludes that Afghanistan will require $6 billion to $8 billion a year in international grants between 2020…
KABUL. In a statement, the World Bank said it was seeking broader input from all stakeholders and has made public several draft documents on its website to facilitate the process. At the 2018 Geneva Ministerial Conference on Afghanistan, the…
KABUL Bank’s latest development update. Afghanistan’s economy grew by around two percent in 2018 despite progress in economic policies, likely leading to further increases in poverty and deterioration in living standards. The latest edition of the biannual publication highlighted the…
KABUL The agreement was signed between acting Finance Minister Dr. Humayon Qayoumi and World Bank country director for Afghanistan Shubham Chaudhuri, the Finance Ministry and the bank said a joint statement. Speaking on the occasion, Qayoumi, also chief advisor on…
KABUL. Shubham Chaudhuri, World Bank’s country director for Afghanistan expressed the views during a meeting in the US based Afghan embassy. The meeting was also participated by Afghan Economy Minister Eklil Hakimi and representatives of major donor countries to Afghanistan.…
KABUL Bank (WB) has promised $46 million as an incentive grant for reforms in the ministry’s revenue department. Ajmal Hamid Abdul Rahimzai, MoF spokesman, said after the MoF honored and implemented its pledges with WB about reforms in its revenues…
KABUL Bank (WB) has promised $46 million as an incentive grant for reforms in the ministry’s revenue department. Ajmal Hamid Abdul Rahimzai, MoF spokesman, said after the MoF honored and implemented its pledges with WB about reforms in its revenues…
KABUL’s relations with central Asian countries would bring about many facilities to trade and transit spheres, a statment from the Presidential Palace said. President Ghani during a meeting with World Bank (WB) Vice President for South Asia Region, Annette Dixon,…
KABUL Bank to help the country alleviate poverty. The singing signaled a long-term commitment by both parties to Afghanistan’s and its people’s development, the MoF said in a statement. It said the package would help Afghanistan support communities with refugees,…
KABUL Bank, an official said on Tuesday. Meanwhile, Afghanistan government’s revenue has reached 70 billion afghanis during the first six months of the current fiscal year. Ajmal Hameed Abdulrahimzai, MoF spokesman, shared recent achievements of the ministry with at…
KABUL Bank, an official said on Tuesday. Meanwhile, Afghanistan government’s revenue has reached 70 billion afghanis during the first six months of the current fiscal year. Ajmal Hameed Abdulrahimzai, MoF spokesman, shared recent achievements of the ministry with at…
WASHINGTON (Pajhwok): The World’s economy, forecasting a 2.9 percent growth rate for the country in 2017 and 1.9 percent in the current fiscal. “Persisting uncertainty around the security and political environment has hindered business activities and overall domestic demand,” the…
