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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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Kabul police summons Afghan YouTuber Hamayon
Afghanistan’s YouTuber Hamayon Afghan was summoned to the police station for publishing a woman’s interview without her permission, Kabul police said.
The spokesman of Kabul Police Khalid Zadran said Friday on X that Hamayon interviewed an old woman and published the report without her permission.
“After the interview, the interviewee’s family complained to the police and the police summoned Hamayon Afghan to the police station,” said Zadran.
Zadran stated that police are working to solve the problem with the two sides’ agreement as soon as possible.
He urges people to avoid posting rumors on the issue.
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Contract worth $53 million signed for construction of last section of Khaf–Herat railway
A contract worth $53 million was signed Thursday for the construction of the last section of Khaf-Herat railway that connects Afghanistan with Iran.
The contract was signed between Afghanistan Railway Authority and Gamma Group in the presence of Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar, his office said in a statement.
The segment is 47-kilometer long, stretching from Rabat Parian to Herat International Airport and the Industrial Town, according to the statement.
It added that completion and standard operational readiness are expected within approximately two years.
“Upon its completion, this segment will integrate the Khaf-Herat regional connectivity project with Iran’s significant seaports and facilitate access to Europe via the Turkish railway network,” the statement said.
“Furthermore, traversing Afghan territory, it will bolster commercial exchanges between Central and South Asia. Notably, this project’s realization will enable the expansion of railway networks into Farah, Nimruz, Helmand, and Kandahar provinces,” it added.
Gamma operates across Europe and Asia in multiple sectors including construction, renewable energy, power transmission, mining, railways among others.
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US urges IEA to fulfill counter-terrorism commitments
The US State Department said on Thursday that Washington is committed to ensuring that Afghanistan can never again be a launching pad for terrorism.
“We remain committed to ensuring that Afghanistan can never again be a launching pad for terrorism, and we continue to push the Taliban (Islamic Emirate of Afghanistan) to fulfill all of their counterterrorism commitments to the international community,” the department’s spokesperson Matthew Miller said at a news briefing in Washington.
He reiterated that the United States had clearly communicated to the IEA that it’s their responsibility to ensure that “they give no safe haven to terrorists, whether it be Al Qaeda or ISIS-K or any other terrorist organization”.
Miller also reassured US allies that Washington was closely watching the developments in Afghanistan and was ready to deal with any threat emerging from the region.
“We remain vigilant against the evolving threat of these terrorist groups, and our global coalition to defeat ISIS and the C5+1 help intensify our efforts to monitor terrorist threats from the region and prevent their ability to raise funds, travel, and spread propaganda,” he said.
C5+1 refers to a diplomatic platform involving the five Central Asian states (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan) and the United States. It serves as a forum for discussing and addressing regional issues such as security, economic development, and cooperation.
“The United States remains vigilant against the evolving threat posed by terrorist groups, including ISIS-K, and has maintained an unwavering focus on terrorism since President Joe Biden took office three years ago,” Miller said.
The US, he said, was “working both unilaterally and with its partners to successfully disrupt threats across the globe and degrade ISIS”.
“We will continue to work to hold ISIS accountable for its actions and to prevent terrorist attacks against the United States and other Western countries,” Miller said.
This comes as IEA has repeatedly said that it is committed to not allowing anyone to use Afghanistan soil against any other country.
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