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MoCI in talks with World Bank to resolve Afghanistan’s banking problem
Ministry of Commerce and Industry (MoCI) officials said they have started discussions with the World Bank to resolve the current banking crisis in the country.
Officials said a delegation from the Islamic Emirate of Afghanistan (IEA) is holding talks with the World Bank on the issue.
“The Economic Commission, the Ministry of Commerce and Industry and the Ministry of Finance have a special program with the World Bank and the United Nations,” said Nooruddin Azizi, Minister of Commerce and Industry.
According to Azizi, some banks add to the challenges.
“Actually, there is no limitation in banking matters, but the banks themselves cause problems,” he said.
On the other hand, the private sector has said that the problems in Afghanistan’s banking system that arose after last year’s political developments have had a negative impact on the country’s commercial and economic activities and resulted in many problems for businessmen.
According to them, the country’s economy will get a quick boost if the IEA is able to resolve the banking problems.
“Some banks do transactions, but it takes time, but the fact that the Ministry of Finance and the Ministry of Commerce intend to talk with the World Bank in order to resolve banking problems is welcome,” said Khanjan Alokozai, a member of Afghanistan Chamber of Commerce and Investment (ACCI).
Economic experts believe that investment and economic growth in the country will be impossible until Afghanistan’s banking problems are resolved
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Saar: Discussion on criticism of Pakistan’s policies
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Islamic Emirate releases American prisoner Dennis Coyle
The Ministry of Foreign Affairs of the Islamic Emirate of Afghanistan announced on Tuesday the release of American citizen Dennis Coyle from prison.
According to the ministry, Coyle’s mother had written to the leader of the Islamic Emirate demanding amnesty and the release of her son on the occasion of Eid. The Supreme Court considered time served sufficient and decided to release him.
The Ministry of Foreign Affairs stated that this action was carried out on the basis of humanitarianism and good faith, and it believes that such measures can strengthen trust between countries. The ministry also expressed hope that both countries, in the future, can find solutions to remaining issues through mutual understanding and constructive dialogue.
The Islamic Emirate also expressed appreciation for the cooperation of the United Arab Emirates in this matter.
Separately, for Coyle’s release, an American delegation, including Zalmay Khalilzad, former U.S. Special Representative for Afghanistan, met on Tuesday with Amir Khan Muttaqi, the Foreign Minister of the Islamic Emirate.
The meeting was also attended by Saif Mohammed Al-Ketbi, Ambassador of the UAE in Kabul, and a member of the prisoner’s family.
According to the Ministry of Foreign Affairs, Muttaqi stated that the Islamic Emirate has not detained any citizen of any country to achieve political objectives; rather, detentions were the result of legal violations, and individuals were released after completing judicial procedures.
At the meeting, Khalilzad praised the action of the Islamic Emirate and emphasized the importance of continuing discussions on all issues between the two countries, expressing hope for further progress in the future.
Muttaqi also stressed that Kabul and the UAE should provide standard consular services to their citizens, and that the Afghan government is fully prepared in this regard.
He thanked Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, for their constructive role in facilitating the release of the prisoner and referred to the UAE as a close friend of Afghanistan.
Earlier, Muttaqi had also praised the role of the State of Qatar in facilitating information exchange between the Islamic Emirate and the prisoner’s family.
Additionally, the UAE ambassador expressed his country’s readiness to play a role in humanitarian institutions and called such developments beneficial for everyone.
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UK announces additional £3 million in aid for vulnerable people in Afghanistan
The United Kingdom has announced an additional £3 million (AFN 257 million) in humanitarian assistance to Afghanistan, aimed at supporting people affected by natural disasters and other shocks.
Richard Lindsay, in a post on X, said the funding will be used to provide essential nutrition supplies and related support to vulnerable populations.
The new allocation brings the UK’s total bilateral assistance to Afghanistan for the current financial year to £154 million (AFN 13.18 billion).
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