Latest News
Finance Ministry starts paying World Bank and Asian Development Bank dues
The Ministry of Finance (MoF) officials say they have started paying the World Bank and Asian Development Bank loans received by the former government.
The ministry has not stated the exact amount of these loans, but according to reports, Afghanistan owes 1.4 billion US dollars.
“The government owes some money to donors. At the same time, the nation’s debts are still on these donors. Before the donors asked us to pay the debts, our first request to them was that they should come to pay the nation’s debts first,” Ahmad Wali Haqmal, a spokesman for the finance ministry.
He also added that the loans that the government owes are less.
The ministry has added that it intends to pay the loans based on a specific policy.
Nasratullah Mahmood, general director of the treasury of the Ministry of Finance, also stated that they have made the financial institutions pay the debts of the Afghan people that remained due to incomplete projects.
“This year, we gave some of their money, including money of the World Bank, and a few days ago, we paid some money of the Asian Development Bank, and this is only on the basis that they are also obliged to pay people’s debts,” said Mahmood.
Economic experts meanwhile believe that due to the economic situation in the country, the government will not be able to pay the loans at once and it is necessary to take a special policy.
More than 50 percent of these loans were taken during the time of Hamid Karzai, the former president, and the other part was taken from foreign institutions and countries during the government of President Ashraf Ghani in 2017, 2019 and 2020, and the repayment period is said to be within 10 to 40 years.
Latest News
Continued aid to Afghanistan vital for regional security: Kazakh president
Kazakhstan’s President Kassym-Jomart Tokayev has emphasized the continuation of humanitarian assistance to Afghanistan, stating that the ongoing provision of such aid plays an important role in ensuring regional security.
Speaking at the international conference “Peace and Trust” in Ashgabat, the capital of Turkmenistan, Tokayev described addressing complex humanitarian challenges and the reconstruction of Afghanistan as a necessity.
“To ensure regional security, we consider it essential to continue providing assistance to Afghanistan, including by strengthening international efforts to address complex humanitarian issues and the reconstruction of this country. Kazakhstan remains committed to supporting the people of Afghanistan through humanitarian aid, educational projects, trade development, and food security initiatives,” he said.
Meanwhile, experts believe that sustainable improvement of the humanitarian situation in Afghanistan requires broad cooperation from the international community and support for the country’s economic development.
“Investment can be defined as one of the fundamental drivers of the economic cycle, and whenever Afghan traders do not take their money out of the country and instead invest domestically, it naturally leads to greater growth and dynamism in Afghanistan’s economy,” said Abdul Zahoor Modabber, an economic analyst.
As the humanitarian crisis in Afghanistan continues, reports by international relief organizations indicate that millions of citizens of the country are in urgent need of food, health, and livelihood assistance.
The reduction in funding for aid organizations, the impacts of climate change, and the return of migrants have increased concerns about a further deterioration of the humanitarian situation in the country.
Latest News
Islamic Emirate declines to attend Tehran meeting on Afghanistan
Latest News
Sirajuddin Haqqani: A government that intimidates its people is not a true government
Khalifa Sirajuddin Haqqani, Minister of Interior of the Islamic Emirate of Afghanistan, said during a visit to Khost province on Friday that any government which rules through fear cannot be considered a true government.
“A government is one that is loved by its people, one that serves them with respect and compassion, and from whose behavior people learn ethics and sincerity,” he said.
Haqqani also stressed that Afghans who opposed the Islamic Emirate in the past should be tolerated and treated in a way that helps eliminate hostility and animosity, paving the way for national cohesion.
-
Latest News3 days agoMuttaqi: Afghanistan’s progress requires both religious and modern education
-
Sport5 days agoILT20: Desert Vipers edge Gulf Giants in historic super over thriller
-
Regional5 days agoSix Pakistani soldiers killed in TTP attack in Kurram District
-
Business5 days agoTrade bodies warn almost 11,000 Afghan transit containers stuck at Karachi port
-
World5 days agoPowerful 7.6 earthquake hits northern Japan, tsunami warnings issued
-
Latest News4 days agoTrump calls Afghanistan a ‘hellhole’ country as US expands immigration restrictions
-
Sport4 days agoCommanding wins for Arman FC and Sarsabz Yashlar in Afghanistan Champions League
-
World5 days agoUkraine to share revised peace plan with US on Tuesday, Zelenskiy says
