Latest News
Outlook for Afghan economy ‘dire’ as household incomes shrink: World Bank
The outlook for Afghanistan’s economy is dire with per capita income having fallen by over a third in the last four months of 2021 after the Islamic Emirate of Afghanistan (IEA) seized power and foreign forces withdrew, the World Bank said on Wednesday.
“One of the poorest countries in the world has become much poorer,” said Tobias Haque, World Bank Senior Country Economist for Afghanistan.
“The isolation of the Afghan economy following last August’s political crisis risks…leading to grave poverty, displacement, fragility, and extremism threats,” he told a briefing for the release of the World Bank’s first development update on the country since August Reuters reported.
The IEA takeover prompted foreign governments, led by the United States, to cut development and security aid, and the strict enforcement of sanctions has debilitated the country’s banking sector.
The World Bank update said that incomes had dropped so starkly that around 37% of Afghan households did not have enough money to cover food while 33% could afford food but nothing more, Reuters reported.
An IEA failure to meet Western conditions, in particular access to education for all girls, has led the international community to withhold international assistance and keep financial sanctions in place, with exceptions for humanitarian aid.
“Under current conditions, the outlook for Afghanistan’s economy is dire,” the World Bank said in a statement accompanying the update.
If current conditions continued, the World Bank predicted, Afghanistan’s real gross domestic produce (GDP) per capita would decline by around 34% between the end of 2020 and the end of 2022, reversing all progress since 2007.
The United States cancelled planned meetings in March, some of which would have included the World Bank, to discuss key economic issues after the IEA sent all high school-aged girls home after they had arrived ready for classes.
The U-turn angered donors, foreign governments and many Afghans as IEA officials had previously said they were opening all schools.
Latest News
Ministries of Public Health and Higher Education sign cooperation agreement
The Ministry of Public Health announced on Tuesday it has signed a cooperation agreement with the Ministry of Higher Education aimed at expanding scientific, research, educational, and technical cooperation.
At the signing ceremony held in Kabul, Noor Jalal Jalali, Minister of Public Health, said that the agreement would lead to significant improvements in the capacity-building of students and doctors, ensure that research is conducted based on evidence, and enable the collection of accurate data.
Meanwhile, Neda Mohammad Nadeem, Minister of Higher Education, described the agreement as beneficial to the public and to both institutions, stressing the need to train individuals at universities who can contribute to social development and make the country self-sufficient in the public health sector.
Latest News
UNAMA holds new round of Working Group meetings on counter-narcotics and private sector
The United Nations Assistance Mission in Afghanistan (UNAMA) has convened a new round of Doha Process Working Group meetings focusing on counter-narcotics and private sector development.
The meetings, held in Kabul on February 3 and 9, brought together representatives of UN member states and international organizations, officials of the Islamic Emirate, and subject-matter experts.
According to UNAMA, discussions in the counter-narcotics working group centered on efforts by Islamic Emirate authorities and the international community to support alternative livelihoods for Afghans previously dependent on poppy cultivation and the illicit opium trade. Participants also reviewed drug-use prevention and treatment initiatives, as well as law-enforcement measures to curb narcotics production and trafficking.
The private sector working group focused on job creation and entrepreneurship, with particular attention to women’s participation in the private sector, market integration, access to finance, and the development of private banking and financial infrastructure.
UNAMA said both working groups identified priority areas for enhanced engagement and explored more effective and sustainable approaches to supporting Afghan men and women. Participants also examined the linkages between the two areas, noting that private sector development is a key source of livelihoods, while counter-narcotics efforts contribute to Afghanistan’s economic and social stability.
The working groups were established following the third Meeting of Special Envoys held in Doha, Qatar, in June and July 2024, in line with recommendations of the Independent Assessment endorsed by the UN Security Council. The process aims to promote more coherent, coordinated, and structured engagement with Afghanistan’s de facto authorities for the benefit of the Afghan people.
UNAMA added that stakeholders engage in the working groups on an ongoing basis, with full-format meetings convened periodically. Since their establishment, the groups have improved information-sharing, helped mobilize additional resources, and facilitated expert exchanges to strengthen support for the Afghan people.
Latest News
Economic Commission approves national policy for development of agriculture
At a regular meeting of the Economic Commission chaired by Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, the National Policy for the Development of the Agriculture and Livestock Sector was approved.
According to a statement from the deputy PM’s office, the key objectives of the policy include the mechanization of the agriculture and livestock sector; development of agricultural, irrigation, and livestock research and extension systems; management of irrigation systems; support for investment in these sectors; and ensuring public access to high-quality agricultural and animal products.
During the same meeting, the development plan for the fish farming sector was also approved.
Under this plan, through private sector investment, 7,700 small, medium, and large fish production and farming facilities will be established on 6,500 hectares of land in various parts of the country.
The statement added that the implementation of this plan will create direct employment opportunities for 50,000 people and indirect employment for 250,000 others.
-
Latest News3 days agoAfghanistan to grant one- to ten-year residency to foreign investors
-
Sport5 days agoIndonesia shock Japan to reach historic AFC Futsal Asian Cup final
-
Sport3 days agoIran clinch AFC Futsal Asian Cup 2026 in penalty shootout thriller
-
Latest News4 days agoAfghanistan says Pakistan is shifting blame for its own security failures
-
International Sports2 days agoWinter Olympics gain momentum as medal table takes shape
-
Latest News3 days agoTraffic police receive new cars
-
Regional4 days agoIran’s FM calls Oman-mediated talks with US ‘good start’
-
Latest News2 days agoTajik foreign minister urges international community to help Afghanistan address its challenges
