Latest News
Latest World Bank decision will support millions of Afghans: IRC
The International Rescue Committee (IRC) has welcomed the latest move by the World Bank to use International Development Association (IDA) funds to scale up support to Afghanistan and expand the scope of its programs, saying these funds will support the delivery of services and access to jobs for Afghans who are continuing to endure a major humanitarian crisis as a result of decades of conflict, climate change and economic turmoil.
IRC in a statement said that the focus of Approach 3.0 of the World Bank includes the delivery of livelihoods support which will support Afghanistan to at least maintain the current trajectory of low-level economic growth.
“This will be critical to maintaining and stabilizing the Afghan economy, while ensuring the survival of businesses and sources of income for millions. However, Afghanistan’s economic crisis remains the primary driver of the high level of humanitarian needs across the country,” the statement said.
IRC stated that although the announcement of Approach 3.0 represents a new milestone for meeting basic needs in Afghanistan, IRC urges other donors to recognise their role in continuing to contribute to both the delivery of basic services through the World Bank’s Afghanistan Resilience Trust Fund (ARTF) and to the humanitarian response.
All contributions are vital to sustaining support for Afghans, and the international community must continue to provide funding to sustain basic services and prevent the humanitarian crisis from worsening, it added.
A week ago, the World Bank Group announced that its executive board endorsed a new approach to aiding Afghanistan that will deploy some $300 million from the bank’s International Development Association fund for poor countries through United Nations agencies and other international organizations.
The shift marks the first time that the World Bank’s own funds would be sent to Afghanistan since the Islamic Emirate of Afghanistan (IEA) seized power in August 2021.
Latest News
Tajikistan says two soldiers killed in clash with militants near Afghan border
Business
Afghanistan’s first aluminum can factory launched in Herat with $120 million investment
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, laid the foundation stone of the “Pamir” aluminum can production company at the industrial parks of Herat on Thursday.
Afghanistan’s first aluminum can manufacturing plant was officially launched on Thursday in Herat province, marking a significant step toward industrial development and economic self-reliance.
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, laid the foundation stone of the “Pamir” aluminum can production company at the industrial parks of Herat on Thursday.
According to officials, the Pamir factory is the first of its kind in Afghanistan and is being established with an investment of $120 million. The project will be built on 16 jeribs of land within Herat’s industrial zones.
Once completed, the factory is expected to create employment opportunities for around 1,700 Afghan citizens. Officials say the project will play a key role in boosting domestic production, reducing reliance on imports, and strengthening the national economy.
Authorities described the launch of the project as a clear sign of growing investment in the industrial sector and ongoing efforts to promote economic self-sufficiency in the country.
Latest News
Medvedev: IEA posed less threat to Russia than western-backed groups
He added that such organisations have consistently pursued one objective: “to break apart the multiethnic people of Russia.”
Russia’s Deputy Chairman of the Security Council, Dmitry Medvedev, has said that the Islamic Emirate of Afghanistan (IEA) caused less harm to Russia than Western-backed civic organisations that, he claims, sought to undermine the country’s unity.
In an article published in the Russian journal Rodina, Medvedev wrote that while the IEA had long been designated as a terrorist organisation, its actions did not inflict the same level of damage on Russia as what he described as Western-supported institutions operating under the banner of academic or humanitarian work.
“Let us be honest: the Taliban (IEA) movement, long listed as a terrorist organisation, has caused modern Russia far less damage than all those pseudo-scientific institutions whose aim is to dismantle our country under the guise of aiding the oppressed,” Medvedev stated.
He added that such organisations have consistently pursued one objective: “to break apart the multiethnic people of Russia.”
Medvedev’s remarks come amid a shift in Russia’s official stance toward Afghanistan. In April, Russia’s Supreme Court suspended the ban on the Islamic Emirate of Afghanistan, which had previously been included on the country’s list of terrorist organisations.
-
Latest News2 days agoAfghanistan exports 10 containers of batteries to Saudi Arabia and UAE for first time
-
Latest News2 days agoPakistani cleric condemns lifetime immunity for Army Chief as un-Islamic
-
Latest News4 days agoAfghanistan signs 30-year deal for marble mining in Daikundi
-
Latest News5 days agoAfghan health minister calls for medical cooperation between Kabul and New Delhi
-
Latest News4 days agoBush Institute criticizes Trump administration’s Afghan immigration freeze
-
International Sports2 days agoAriana News to broadcast key AFC Champions League Two clash
-
Regional2 days agoPakistan agrees to $4 billion arms deal with Libyan National Army
-
Health2 days agoAfghan Health Minister hails India visit as new chapter in bilateral ties
