Connect with us

Latest News

Outlook for Afghan economy ‘dire’ as household incomes shrink: World Bank

Published

 on

(Last Updated On: April 14, 2022)

The outlook for Afghanistan’s economy is dire with per capita income having fallen by over a third in the last four months of 2021 after the Islamic Emirate of Afghanistan (IEA) seized power and foreign forces withdrew, the World Bank said on Wednesday.

“One of the poorest countries in the world has become much poorer,” said Tobias Haque, World Bank Senior Country Economist for Afghanistan.

“The isolation of the Afghan economy following last August’s political crisis risks…leading to grave poverty, displacement, fragility, and extremism threats,” he told a briefing for the release of the World Bank’s first development update on the country since August Reuters reported.

The IEA takeover prompted foreign governments, led by the United States, to cut development and security aid, and the strict enforcement of sanctions has debilitated the country’s banking sector.

The World Bank update said that incomes had dropped so starkly that around 37% of Afghan households did not have enough money to cover food while 33% could afford food but nothing more, Reuters reported.

An IEA failure to meet Western conditions, in particular access to education for all girls, has led the international community to withhold international assistance and keep financial sanctions in place, with exceptions for humanitarian aid.

“Under current conditions, the outlook for Afghanistan’s economy is dire,” the World Bank said in a statement accompanying the update.

If current conditions continued, the World Bank predicted, Afghanistan’s real gross domestic produce (GDP) per capita would decline by around 34% between the end of 2020 and the end of 2022, reversing all progress since 2007.

The United States cancelled planned meetings in March, some of which would have included the World Bank, to discuss key economic issues after the IEA sent all high school-aged girls home after they had arrived ready for classes.

The U-turn angered donors, foreign governments and many Afghans as IEA officials had previously said they were opening all schools.

Latest News

Two killed, 20 wounded in Herat shootings

Published

on

(Last Updated On: July 4, 2022)

Two people were killed and 20 others were wounded when gunmen opened fire at two vehicles carrying civilian employees of the 207 Al-Farooq Army Corps in Herat on Monday, sources said.

The vehicles were on their way to the army corps headquarters when the shootings happened in the fourth and fifth districts of the provincial capital, also Herat.

A source in the 2017 Al-Farooq Army Corps said that the 20 injured in the shootings included two children and 18 employees of the corps.

According to police, one attacker was killed and two others fled following the incident.

Defense ministry’s spokesman also confirmed the death of two army personnel.

There was no immediate claim of responsibility for the attack.

Continue Reading

Latest News

Japan to provide $14 million in aid for Afghanistan’s agriculture sector

Published

on

(Last Updated On: July 3, 2022)

Japan’s ambassador to Afghanistan has announced that his country will invest $14 million in Afghanistan’s agriculture and development programs.

The Japanese ambassador to Kabul Takashi Okada, raised the issue in a meeting with Amir Khan Muttaqi, Acting Minister of Foreign Affairs of the Islamic Emirate of Afghanistan (IEA), in Doha.

Muttaqi welcomed the decision and asked other countries to help in developing Afghanistan’s infrastructure.

“In addition to assistance in agriculture, education and other development sectors, the Japanese Ambassador noted that his country was consulting on Afghanistan’s economic growth to take the necessary steps in this regard. Humanitarian, development and other cooperation with Afghans is not linked to politics,” Hafiz Zia Ahmad, Deputy spokesman and Assistant Director of Public Relations for the Ministry of Foreign Affairs, tweeted.

Continue Reading

Latest News

US may resume Fulbright scholarship program for Afghans

Published

on

(Last Updated On: July 3, 2022)

The US State Department says it is considering resuming the Fulbright scholarship program for Afghan students for the 2023-2024 academic year.

A spokesperson for the US State Department told VOA: “We continue to work towards the safe resumption of the Fulbright program for Afghan students.”

He added: “For this course, we are considering semi-final applicants [for the academic year] 2022-2023.”

The semi-final applicants have already passed most of the eligibility stages and exams, including the English language test, which are required to join this study program, VOA reported.

After the collapse of the previous government and the Islamic Emirate’s takeover of Afghanistan in August 2021, the United States canceled the Fulbright program for Afghans.

Every year, about 4,000 foreign students from dozens of countries receive Fulbright scholarships. More than 400,000 students from 160 countries have participated in this program since its inception in 1946.

From 2003 to 2021, more than 950 Afghans have benefited from the opportunity to study at the master’s and doctorate level in Fulbright programs. Fulbright master’s programs are one or two years, but the study period of the doctoral level is five years.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!