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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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Muttaqi: Afghanistan’s progress requires both religious and modern education
Afghanistan’s Foreign Minister, Amir Khan Muttaqi, says the country’s future development depends on strengthening knowledge in both religious education and modern scientific fields.
Speaking at a graduation ceremony for Huffaz at Riyaz-ul-Uloom on Thursday, Muttaqi said the foundations of learning in Afghanistan are “growing stronger each day,” noting progress in both religious seminaries and contemporary academic disciplines.
He stressed that Afghanistan can only advance and “be freed from oppression” when its people gain expertise in both domains. The country, he said, needs not only religious scholars but also professionals such as doctors, engineers, and scientists.
Muttaqi added that the Islamic Emirate is working “day and night” to expand educational opportunities and support the development of skilled Afghans across all sectors.
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EU announces 25 million euros to boost food security and resilience in Afghanistan
The European Union (EU) has announced a 25 million euros contribution through the United Nations World Food Programme (WFP) to strengthen community resilience and promote more nutritious diets across Afghanistan.
“The European Union’s new contribution to WFP demonstrates our continued commitment to the Afghan people, notably women, children, and vulnerable local communities,” said Veronika Boskovic-Pohar, EU Chargé d’affaires in Afghanistan. “Agriculture and food value chains must be equipped to bolster Afghans’ nutrition, health, and economic resilience. Through our integrated approach to climate resilience, we are also helping vulnerable rural communities protect their livelihoods and income against natural disasters and long-term devastating impacts of climate change.”
The funding will support WFP initiatives focused on improving food value chains and climate adaptation. Key projects include upgrading community assets such as flood protection walls and irrigation systems, reducing climate-related risks, and safeguarding productive assets essential for local economic stability.
A significant portion of the investment will build on WFP’s school meals programme, training women’s associations and youth entrepreneurs to supply fresh, fortified snacks to schoolchildren. This approach aims to stimulate local economies while creating sustainable livelihood opportunities.
John Aylieff, WFP Representative and Country Director in Afghanistan, expressed gratitude for the EU’s support, noting that the investment aims to deliver a “triple return: stronger livelihoods and resilience, more robust local food systems, and expanded opportunities for women and youth.”
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