Business
ADB approves $50 million grant for Afghanistan’s COVID vaccine campaign
The Asian Development Bank (ADB) on Tuesday approved a $50 million grant to help the Afghan government procure and deploy safe, high-quality COVID-19 vaccines, and strengthen the country’s capacity to implement its vaccine program.
The ADB said in a statement that the project will support the National Plan for COVID-19 Vaccination in Afghanistan by procuring and transporting six million doses of COVID-19 vaccines for priority segments of the population, as determined by the government.
“As Afghanistan continues to grapple with COVID-19, this project will help ensure that safe and high-quality vaccines are made available to the Afghan people,” said ADB President Masatsugu Asakawa.
“Making vaccines available to vulnerable groups and strengthening Afghanistan’s immunization program will help to save lives and is a vital step toward recovery.
This support is part of ADB’s strong commitment to helping Afghanistan overcome the pandemic and achieve a sustainable economic recovery,” Asakawa said.
Under its national plan, the Afghan government aims to vaccinate all eligible people including vulnerable groups, approximately 60 percent of the total population.
ADB’s COVID-19 Vaccine Support Project will provide financing to procure vaccines for at least 2.6 million people, or about 11 percent of the eligible population, including through the COVID-19 Vaccines Global Access (COVAX)
Advance Market Commitment facility.
The grant will also strengthen the Ministry of Public Health’s capacity in planning,
communications, coordination, and implementation of the vaccine program at national and provincial levels.
According to the ADB, technical training including specialized gender sessions will ensure that vaccines are administered to women in a culturally sensitive manner and a waste management firm will be engaged to build capacity for proper disposal of medical waste.
ADB estimates that Afghanistan’s GDP contracted by five percent in 2020 as the pandemic forced business closures and disrupted supply chains.
Unemployment is projected to have risen from 23.9 percent in 2019 to 37.9 percent in 2020 adding to the negative pressures of increased costs of food,
housing, and health services.
ADB’s grant complements other development partners’ efforts and contributes to fostering growth in the Central Asia Regional Economic Cooperation region through addressing pandemic risks and cross-border health threats.
Afghan health officials meanwhile said Tuesday that the number of coronavirus infections has increased in Afghanistan recently.
The Ministry of Public Health said 176 new cases of COVID-19 and seven deaths were reported in the past 24 hours across Afghanistan.
According to the ministry 28 others recovered in the mentioned time.
The ministry warned a lockdown will be imposed in major cities including Kabul if people fail to take the necessary precautions to help curb the spread of the virus.
Business
‘Made in Afghanistan’ expo opens in Tashkent
The Afghanistan Chamber of Commerce and Investment has announced that a major exhibition of Afghan products titled “Made in Afghanistan” is opening today (Wednesday) in Uzbekistan’s capital Tashkent.
According to the chamber, the expo—supported financially by the United Nations Development Programme—will run until Friday and aims to showcase Afghanistan’s production and export potential.
More than 60 booths have been set up by Afghan traders, featuring a wide range of products including carpets, dried and fresh fruits, saffron, pine nuts, cotton, precious and semi-precious stones, as well as beverages.
Officials from the chamber expressed hope that the expo will help expand trade relations between Afghanistan and countries in the region, particularly Uzbekistan.
Business
Afghani strengthens nearly 10% against US dollar amid banking sector reforms
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
Afghanistan’s central bank, Da Afghanistan Bank, says the national currency has appreciated by 9.93% against the US dollar during the year 1404, citing steady progress in the country’s financial and banking systems.
Officials attributed the gains to cautious monetary policies that have helped stabilise the Afghani against major global currencies while also boosting its value against the dollar.
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
As part of efforts to better manage liquidity, authorities also collected and destroyed worn-out banknotes in circulation. At the same time, officials reported growth in electronic banking, with digital payment usage rising in recent months.
Central bank spokesperson Haseebullah Noori said initiatives are underway to broaden access to banking services nationwide, including the wider rollout of Islamic banking options.
Analysts welcomed the stabilisation efforts but stressed the need to address ongoing challenges facing domestic banks, including the impact of international financial sanctions on Afghanistan.
They added that expanding Islamic banking could help draw more savings into the formal financial system, noting that a significant share of personal wealth remains outside banks. Bringing those funds into the sector, they said, could inject billions of Afghanis into the economy and further support financial stability.
Business
Uzbekistan delivers over 290 tons of aid to Afghanistan
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
Uzbekistan has delivered more than 290 tons of humanitarian aid to Afghanistan, according to the country’s Ministry of Foreign Affairs.
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
The shipment includes essential food supplies such as flour, rice, wheat, vegetable oil, instant meals, pasta, and confectionery. An official handover ceremony was held in the border town of Hairatan.
Local officials, including Balkh province representatives and authorities from Hairatan, expressed appreciation for the continued support, acknowledging Uzbekistan’s efforts to assist the Afghan people.
Among those present at the ceremony were Uzbekistan’s Ambassador to Afghanistan, Oybek Usmanov, and Surkhandarya regional governor Ulugbek Kosimov.
The aid delivery underscores Uzbekistan’s ongoing humanitarian engagement and its broader efforts to promote regional cooperation and stability.
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