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MoCI in talks with World Bank to resolve Afghanistan’s banking problem

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(Last Updated On: October 15, 2022)

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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Acting health minister visits flood-stricken villages in Baghlan

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(Last Updated On: May 14, 2024)

Afghanistan’s acting minister of public health Dr Qalandar Ebad, along with other officials, visited a number of flood-hit villages in Baghlan province on Tuesday.

The officials assessed damage in the villages of Sai Hazara and Gharo in the Guzargah district.

According to a statement issued by the ministry, Ebad inspected “vulnerable areas affected by recent floods and, expressing sympathy with the local people, promised that the leadership of the Ministry of Public Health will spare no effort to provide health services to those in need.”

Ebad also expressed gratitude for the efforts of healthcare workers and their commitment to helping people in need.

He directed officials to make every effort “to improve the health status of patients affected by recent floods in the villages of Sai Hazara and Gharo, Baghlan province”.

Based on official figures, more than 300 people have died as a result of floods in Baghlan province and over 1,600 others have been injured.

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Iranian FM warns US interventions in Afghanistan ‘complicating situation’

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(Last Updated On: May 14, 2024)

Iranian Foreign Minister Hossein Amir-Abdollahian said on Monday that continued interventions by the US into the internal affairs of Afghanistan will complicate the country’s situation.

In a meeting in Tehran with the head of the UN in Afghanistan, Roza Otunbayeva, Amir-Abdollahian said Iran closely follows the developments in Afghanistan and supports stability, security, and sustainable development in the neighboring country.

He also said Iran supports the role of the United Nations in helping the people of Afghanistan.

According to Iran’s Mehr News, Amir-Abdollahian raised the issue of Afghan nationals in Iran and urged the UN to address the situation.

He also reportedly criticized the US for its “destructive role in Afghanistan during its presence in the country”, noting that the continuation of targeted interventions by the US in the internal affairs of Afghanistan will complicate the situation further.

Amir-Abdollahian emphasized the need for diverse and multi-layered solutions to Afghanistan’s complex problems, Mehr News reported.

Otunbayeva in turn explained the latest developments and issues in Afghanistan and the upcoming Doha meeting in Qatar.

She also stressed the need to coordinate the diverse positions of regional players to help with the development and stability of the country.

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Afghanistan loses UN voting rights over unpaid dues

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(Last Updated On: May 14, 2024)

Afghanistan is facing another set back at the United Nations after its General Assembly voting rights were suspended due to unpaid fees.

Nasir Faiq, who has acted as Afghanistan’s representative at the UN says that failure to settle outstanding dues since the Islamic Emirate’s takeover in August 2021 led to the organization’s decision.

As a result, Afghanistan was unable to exercise its right to vote at the recent General Assembly vote concerning the recognition of the State of Palestine.

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