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IEA’s finances in much better shape: The Economist
The Islamic Emirate of Afghanistan’s (IEA) finances appear to be in much better shape than expected, The Economist magazine said in an article published Wednesday.
The British media outlet said that when the IEA seized power, it seemed obvious that they would struggle to administer a country of 40 million, especially for lack of money.
“Yet the new government’s finances appear to be in much better shape than anybody expected,” the report read.
Last month IEA announced its first full-year budget, forecasting revenues of $2.1bn.
The World Bank’s estimate is more modest but still impressive: it reckons the government will collect about $1.7bn this year (about 12% of GDP) in domestic revenue, from things like taxes, customs and fees for services.
That is nearly three-quarters of the $2.3bn the previous government raised domestically in 2020, before business and trade dried up and many taxpaying Afghans left the country.
The previous government’s total funding including foreign finance came to $5.7 billion, but IEA do not have access to the grants and loans that made up the rest.
The Economist said that the IEA managing to keep revenue flowing despite the obstacle is “remarkable.” One reason for their success is that they have plenty of experience collecting taxes, it noted.
Moreover, a handful of holdovers from the former government are maintaining sophisticated financial-management software to run their revenue-collection systems.
IEA has also cracked down on graft, a serious problem under the previous government, The Economist noted.
IEA’s Ministry of Finance welcomed the report, saying the government was seeking to make Afghanistan self-reliant.
“IEA members together with former professionals are working in a brotherhood atmosphere and with it transparency has come and revenues have increased. We have stopped corruption that unimaginably existed in the ministry of finance,” said Ahmad Wali Haqmal, a spokesman of the Finance Ministry.
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Afghan powerlifting team wins six medals at World Cup series in Belarus
A total of six Afghan athletes and one coach represented the country in the tournament, which featured competitors from ten nations.
The General Directorate of Physical Education and Sport of Afghanistan says Afghan powerlifting athletes secured six medals at the “Powerlifting World Cup Series 2026” held in Belarus.
According to the directorate, Afghan athletes won four gold medals, one silver medal, and one bronze medal during the international competition.
Fawad Sherin Sokhan, Jabar Sherin Sokhan, Noor Ahmad Sakhi Zada, and Mirwais Rafi Zada each claimed gold medals, while Rohullah Khairandesh won silver and Hamidullah Hakimi earned bronze for Afghanistan.
A total of six Afghan athletes and one coach represented the country in the tournament, which featured competitors from ten nations.
The competition began on May 6 and concluded on May 10 in Belarus, showcasing strong performances from Afghan athletes on the international stage.
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Afghanistan seeks closer trade cooperation with Uzbekistan
Uzbek officials also unveiled plans to open trade chambers in Russia, Kazakhstan, and Kyrgyzstan to help boost exports and improve market access for regional products.
Afghanistan has called on Uzbekistan to establish a coordination and liaison office at the Termez border market to strengthen direct business ties between the private sectors of the two countries.
The proposal was discussed during a meeting in Mazar-i-Sharif between Nooruddin Azizi, Afghanistan’s Minister of Industry and Commerce, and Amanbai Orynbaev, Chairman of the Supreme Council of Uzbekistan’s Karakalpakstan region.
During the talks, both sides explored opportunities to expand cooperation in the export of Afghan cotton, coal, fresh and dried fruits, as well as joint projects in food production, construction materials, tourism, pharmaceutical manufacturing, mineral processing, and investment in key economic sectors.
Uzbek officials also unveiled plans to open trade chambers in Russia, Kazakhstan, and Kyrgyzstan to help boost exports and improve market access for regional products.
As part of the visit, the Uzbek delegation inaugurated an expo of national products in Mazar-i-Sharif aimed at promoting trade and economic cooperation between the two neighbouring countries.
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Japan announces MEXT scholarships for Afghan students for 2027 academic year
The Embassy of Japan in Afghanistan has announced scholarship opportunities for Afghan students under the Japanese Government (MEXT) Scholarship Program for the 2027 academic year.
According to the embassy, the Ministry of Education, Culture, Sports, Science and Technology (MEXT) of Japan is offering scholarships for graduate-level study at Japanese universities under the research student category, including both regular and non-regular students.
Interested and eligible applicants can download the application guidelines and forms from the official Study in Japan website and are advised to carefully review all requirements before applying.
Applicants who meet the eligibility criteria and have prepared all required documents must submit their applications by 25 May 2026. The embassy said late or incomplete submissions will not be accepted.
The first screening process will include a written examination in Kabul on 18 June 2026, followed by interviews scheduled for July 2026 (date to be confirmed).
The Embassy of Japan noted that the Aga Khan Foundation Afghanistan will assist in collecting applications and facilitating written examinations, but will not be involved in the selection process.
It further emphasized that the selection will be conducted independently by the embassy and the Japanese government, based on academic merit, quality of application documents, and performance in written and interview examinations, without consideration of religious, linguistic, or ethnic background.
The scholarship program is fully funded and free of charge. The embassy warned applicants to remain cautious against scams, stressing that no financial contributions are required at any stage of the application process.
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