Business

Afghan economy gets $32 million cash boost in aid funding

Published

2 years ago

January 11, 2022

(Last Updated On: January 11, 2022)

Afghanistan’s Central Bank, Da Afghanistan Bank (DAB), took delivery on Monday of $32 million of funds in aid and transferred it immediately to Afghanistan International Bank (AIB).

In a series of tweets, the central bank welcomed the injection of cash into the economy and said: “The transit of the aforesaid shipment from the airport to the Afghanistan International Bank was facilitated by Da Afghanistan Bank.

“Da Afghanistan Bank will appreciate any humanitarian action that leads to the introduction of currency and assistance to the poor sections of society, and will do its part effectively,” DAB said.

The previous shipment of $19.2 million was delivered in December.

On December 22, the UN Security Council unanimously adopted a resolution clearing the way for aid to reach Afghans in desperate need of basic support.

At the time Martin Griffiths, the Under-Secretary-General for Humanitarian Affairs, described the Council’s passage of the resolution as “evidence of how seriously member states take the shocking levels of need and suffering in the country.”

The adoption followed months of discussions in the Council and broader international community about how to stave off economic collapse in Afghanistan following the country’s takeover by the Islamic Emirate of Afghanistan (IEA) in August and the subsequent freezing by Western countries of billions of dollars used by the previous government to ensure the provision of basic services.

Griffiths has said that humanitarian operations in Afghanistan are set to be the largest anywhere in the world in 2022, reaching some 22 million people.

The UN estimates that $2 billion will be needed to lift the incomes of all people up to the poverty line.

Related Topics:AIB aid Dollar featured Fund

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Azizi meets with head of Tatarstan on sidelines of Kazan Forum

Published

1 hour ago

May 16, 2024

Ariana News

(Last Updated On: May 16, 2024)

The Ministry of Commerce and Industry said Thursday acting minister Nooruddin Azizi met with the leader of Russia’s autonomous republic of Tatarstan, Rustam Nurgaliyevich Minnikhanov, on the sidelines of a meeting in Kazan.

According to the ministry, Azizi met with Minnikhanov on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.

The two officials discussed bilateral trade relations, the establishment of the Russian Trade House in Afghanistan, the visit of Minnikhanov to Kabul, investment in electricity production, water transfer, mining, cultural and economic cooperation and other matters.

This annual meeting is held by Russia and the 14th round of this meeting was also held in the same country last year.

The main goal of the forum is to strengthen trade and economic, scientific and technical, social and cultural ties between Russian regions and the countries of Organisation of Islamic Cooperation (OIC), as well as to promote the development of the Islamic financial system institutions in Russia.

Business

Afghanistan’s imports and exports totaled $10.3 billion last year

Published

1 day ago

May 15, 2024

Ariana News

(Last Updated On: May 15, 2024)

The National Statistics and Information Authority (NSIA) said on Wednesday that last year, the value of exports totaled $1.79 billion while imports totaled $8.57 billion.

According to NSIA, fruits accounted for the largest share of export items last year, totaling over $645 million.

Medicinal plants, minerals and vegetables were the next top three items respectively to be exported.

Meanwhile, petroleum and oil accounted for the largest portion of imported goods, totaling over $1.37 billion.

Another large portion of the total amount imported went to machinery, vehicles and parts. This totaled over $1.15 billion, followed by textiles, metals and metal products.

Business

Acting commerce minister heads to Russia to attend Kazan Forum

Published

2 days ago

May 14, 2024

Ariana News

(Last Updated On: May 14, 2024)

Nooruddin Azizi, Acting Minister of Industry and Commerce, headed to Russia to participate in an international economic meeting in Kazan, Tatarstan.

The aim of the Russia-Islamic World: KazanForum 2024, the 15th edition of the forum, is to offer a platform for leading international economic and financial specialists from the Islamic world to strengthen ties between the countries of the Organization of Islamic Cooperation (OIC) and the regions of the Russian Federation in the economic, educational, social and cultural spheres, Anadolu Agency reported.

The Ministry of Industry and Commerce said that Azizi, leading a high-level delegation of the Islamic Emriate, traveled to Tatarstan at the invitation of Tatarstan President Rustam Minnikhanov.

The forum is held between May 14 and 19.

The forum also aims to promote the development of Islamic financial institutions in Russia and worldwide, with a focus on joint international projects and programs, according to Anadolu Agency.

More than 80 nations are expected to participate in the event, including representatives of the United Arab Emirates, Bahrain, Malaysia, Türkiye, Iran, Libya, and other OIC member states.