Connect with us

Business

Ghani meets with ADB executives to discuss Afghanistan’s priorities

Published

on

(Last Updated On: November 4, 2020)

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

Acting commerce minister meets Russian deputy PM

Published

on

(Last Updated On: May 17, 2024)

Nooruddin Azizi, Acting Minister of Industry and Commerce, met with Russia’s Deputy Prime Minister Alexei Overchuk to discuss trade and investment, it was announced on Friday.

Sergey Pavlov, General Director of Russian Railways, and Dmitry Zverev, Deputy Minister of Transport of Russia, were also present in the meeting, the Ministry of Industry and Commerce said in a statement.

According to the statement, the two sides discussed increasing the volume of trade, preferential tariff for Afghan goods, Russian investment in mines and water dams in Afghanistan, and Afghanistan’s role in the International North–South Transport Corridor.

They also discussed about reducing the cost of transportation through the Russian railway, removing the export tax on basic materials, arranging the trip of the delegation to the ports of Astrakhan and Makhachkala, and holding a trade connectivity conference and an expo of Afghan products in Moscow.

Azizi met with the Russian deputy PM on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.

He also met with representatives of a number of Tatarstan and Russia companies and encouraged them to invest in Afghanistan.

Continue Reading

Business

Azizi meets with head of Tatarstan on sidelines of Kazan Forum

Published

on

(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.

Continue Reading

Business

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

Published

on

(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.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!