Connect with us

Business

Ghani meets with ADB executives to discuss Afghanistan’s priorities

Published

on

Asian Development Bank (ADB) Vice-President Shixin Chen and Afghanistan President Ashraf Ghani on Tuesday discussed ADB’s ongoing and planned assistance for the country’s development and infrastructure priorities, including efforts to support the post-coronavirus disease (COVID-19) pandemic recovery.

According to Chen: “2020 has been a challenging year for everyone, including the people of Afghanistan. However, 2020 also has the potential to bring new hope and opportunities for the country, including with the peace talks and the upcoming 2020 Afghanistan Conference.” 

In a statement issued by ADB, Chen added: “This year has also brought an important commitment from our Asian Development Fund donors to continue the special allocation for Afghanistan during 2021–2024. This will help improve the lives of Afghans by addressing critical socioeconomic constraints and support important development agendas, including the post-COVID-19 recovery.”

Chen, who was joined in the meeting by other ADB officials, commended Afghanistan’s efforts to support economic development and manage the severe impact of COVID-19 on the people and economy.

ADB has supported Afghanistan’s efforts to fight coronavirus through a $40 million emergency assistance grant. 

This grant has enabled an integrated approach to improve patient treatment and management through the construction of hospitals and medical facilities, provision of essential medicines and medical equipment, and capacity development of frontline health workers. 

Ghani in turn expressed his appreciation for ADB’s support for infrastructure development, regional integration, and reform priorities and also thanked the ADB for its timely support to the country’s fight against COVID-19. 

Afghanistan’s First Vice-President Amrullah Saleh and ADB Governor for Afghanistan and Acting Minister of Finance Abdul Hadi Arghandiwal also attended the meeting.

Discussions also focused on areas for future ADB assistance, including regional connectivity projects such as Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline and Central Asia Regional Economic Cooperation (CAREC) Corridors 5 and 6 Road and Border Services Improvement Project. 

Ghani emphasized the importance of regional cooperation to lift Afghanistan’s economy and requested ADB’s support for regional cooperation programs in energy and transport sectors.

ADB is one of Afghanistan’s largest development partners and has provided $5.9 billion in assistance since 2002. 

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.

Published

on

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.

Continue Reading

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.

Published

on

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.

Continue Reading

Business

Turkmenistan, Afghanistan discuss steps to speed up land acquisition for TAPI pipeline

By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.

Published

on

Officials from Turkmenistan and Afghanistan have held talks aimed at accelerating land acquisition for the long-planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, according to Afghanistan’s Ministry of Agriculture, Irrigation, and Livestock.

The issue was discussed during a meeting between TAPI project head Murad Amanov, Afghanistan’s acting Minister of Agriculture, Irrigation, and Livestock Mullah Attaullah Omari, and Turkmenistan’s ambassador to Afghanistan Hoja Ovezov.

Amanov briefed Afghan officials on recent progress and emphasized the need to accelerate procedures related to land acquisition and the determination of land prices in line with the framework agreement signed by the four participating countries.

Meanwhile, vessels operated by the Azerbaijan Caspian Shipping Company (ASCO), part of AZCON Holding, have begun transporting pipes for the project. The shipments are being carried from the Port of Baku to the Turkmenbashi International Seaport.

By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2025 Ariana News. All rights reserved!