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Norway urges World Bank’s Afghanistan donors to channel funds to UN

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Norway is encouraging donors to a World Bank-administered fund for Afghanistan to agree to transfer $280 million to the World Food Programme and UNICEF, Foreign Minister Anniken Huitfeldt said on Monday.

The World Bank’s board backed the transferring of $280 million to the UN agencies from the $1.5 billion Afghanistan Reconstruction Trust Fund (ARTF), which was frozen after the Islamic Emirate of Afghanistan (IEA) took power in August, Reuters reported.

The 31 donors to the fund must approve the transfer. A World Bank spokesperson said ARTF donors met last Friday and agreed to make a decision in one week.

During a joint interview with U.N. Development Programme chief Achim Steiner in New York, Huitfeldt told Reuters that she hoped donors would sign off on the transfer and that Norway “encouraged” them to do so.

“And we discussed the situation in Afghanistan during the NATO meeting last week, and also encourage NATO countries to continue to avoid a total economic or humanitarian collapse in Afghanistan,” she said.

Afghanistan is struggling with a sharp drop in international development aid after the IEA seized power, an economy and banking system on the brink of collapse, the COVID-19 pandemic and severe drought.

“If you cannot have enough food, you cannot educate your children, you cannot get health service for your family, you have no reason to live there anymore, you try to move on somewhere else,” Steiner said.

The UNDP has projected that poverty may become nearly universal by mid-2022 – affecting more than 90 percent of Afghanistan’s 39 million people.

“We face this particularly intense period between now and next year, where many Afghans are on the verge of giving up,” Steiner said.

A challenge for the United Nations has been getting enough cash into Afghanistan to help deliver aid to millions of people on the brink of famine and prevent the breakdown of the economy and health and education services, Reuters reported.

“The volume of finance that needs to be, in one way or another, mobilized by Afghanistan, is far larger than anything the financial system can cope with right now. So we are faced with an enormous constraint,” Steiner said.

It’s a problem that hasn’t been solved yet, Steiner said.

He said the United Nations was considering flying in U.S. dollars, but warned that could only be a short term solution as it was “not the basis on which the scaling up of finance that is needed will happen.”

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Doha process private sector meeting highlights growth and coordination in Afghanistan

The session was divided into two segments, focusing on growth and inclusion in the first part, and coordination and transparency in the second.

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The 3rd session of the Doha Process Private Sector Working Group was held both in-person and online at Kabul’s Grand Hotel, hosted by the United Nations Assistance Mission in Afghanistan (UNAMA).

The meeting brought together representatives from the Islamic Emirate of Afghanistan, including the Ministries of Foreign Affairs, Finance, Industry and Commerce, Economy, Labor and Social Affairs, and the Central Bank, alongside UNAMA, UN agencies, international and regional organizations, as well as ambassadors, diplomats, and private sector experts.

The session was divided into two segments, focusing on growth and inclusion in the first part, and coordination and transparency in the second.

Afghanistan’s Islamic Emirate representatives shared achievements and progress since assuming governance, while participants acknowledged these efforts and highlighted their ongoing support for the private sector. All parties offered recommendations to address challenges and emphasized enhanced cooperation moving forward.

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IPL 2026: Franchise sales gather pace as global investors circle teams

Royal Challengers Bengaluru (RCB) has been put on the market by its current owner and is estimated to be worth up to $2 billion.

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Developments off the field are drawing growing attention ahead of the 2026 Indian Premier League season, with two franchises — Royal Challengers Bengaluru and Rajasthan Royals — formally up for sale and attracting interest from high-profile domestic and international investors.

Royal Challengers Bengaluru (RCB), one of the league’s most recognisable teams, has been put on the market by its current owner, Diageo’s United Spirits Ltd, following a strategic review. The sale process is expected to be completed by the end of March 2026. Market estimates suggest the franchise could be valued at around $2 billion, reflecting the soaring commercial value of the IPL.

Several bidders have been shortlisted for RCB, including investment groups led by Indian industrialists, private equity firms and overseas sports owners. Among those reported to have shown interest is a consortium linked to the Glazer family, co-owners of English Premier League club Manchester United. Non-binding bids have already been submitted, with binding offers expected in the coming weeks.

Rajasthan Royals (RR), winners of the inaugural IPL title in 2008, are also in the process of being sold. A shortlist of potential buyers has been finalised, featuring a mix of Indian and international investors, including private equity firms, entrepreneurs and media-linked groups. The franchise is expected to attract a valuation of more than $1 billion, according to market estimates.

Final bids for Rajasthan Royals are anticipated in early March, while the RCB transaction is expected to move into its final phase later this month. Any change in ownership will require approval from the Board of Control for Cricket in India (BCCI).

The potential sales mark one of the most significant ownership shake-ups in IPL history and underline the league’s growing appeal as a global sports investment as preparations continue for the 2026 season.

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FM Muttaqi meets Uzbek Central Asia Institute Chief, stresses stronger bilateral cooperation

During the meeting, the two sides discussed ways to further strengthen political and economic cooperation, as well as key regional issues.

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Afghanistan’s Minister of Foreign Affairs, Amir Khan Muttaqi, has met with a delegation led by Joulan Vakhabov, head of Uzbekistan’s International Institute of Central Asia and adviser to the country’s deputy president.

During the meeting, the two sides discussed ways to further strengthen political and economic cooperation, as well as key regional issues.

Muttaqi said Uzbekistan has adopted a positive and goodwill-based policy toward Afghanistan, expressing hope that bilateral relations and cooperation would continue to expand.

He also underscored the important role of research institutions in promoting mutual understanding, enhancing cooperation, and developing a realistic assessment of regional dynamics.

For his part, Vakhabov praised the progress and stability in Afghanistan and voiced optimism that trade between the two countries would increase further in the current year.

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