Business
Coronavirus: World Bank grants $100.4 Million in aid to Afghanistan
The World Bank on Thursday approved a $100.4 million grant for Afghanistan to fight the pandemic COVID-19 in the country.
The World Bank said in a statement that the aid is dedicated to Afghanistan for the COVID-19 Emergency Response and Health Systems Preparedness Project to help Afghanistan take effective action to respond to the threat posed by COVID-19 and strengthen its public health preparedness.
“This new fast track package will cover all 34 Afghan provinces and reinforce essential health care services to slow down the spread of COVID-19 across Afghanistan and deliver optimum care in the case of a surge in demand for treatment,” the statement said.
The statement noted that the financing will support infected people, at-risk populations, medical and emergency personnel as well as service providers, medical and testing facilities, and national health agencies.
The project is financed by a grant from the International Development Association (IDA), the World Bank Group’s fund for the poorest countries, in the amount of $100.4 million, of which $19.4 million is provided from the World Bank’s COVID-19 Fast-Track Facility. It will be implemented by the Ministry of Public Health supported by UN agencies and service providers already working under the Sehatmandi project.
“The World Bank stands firm with the Afghan government and people to fight the spread of COVID-19 in the country,” said , World Bank Country Director for Afghanistan.
“This emergency support package will help Afghanistan’s health system mitigate the impact of an outbreak and strengthen health services. The World Bank, together with the Government of Afghanistan and other partners, will work tirelessly to implement this project and is committed to helping Afghanistan lessen the impact posed by COVID-19 in the most effective way,” Kerali added.
The project will also help address significant negative externalities expected in the event of a widespread COVID-19 outbreak, including comprehensive health awareness and behavior change campaigns.
It comes as the number of positive cases for the Coronavirus has risen to 274 with six deaths in Afghanistan.
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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