Business
US spending of $3.71 billion has had no impact on Afghanistan’s economy: Ministry
The Ministry of Economy in a statement on Saturday responding to a report by the Office of the Special Inspector General for Afghanistan Reconstruction (SIGAR), said the $3.71 billion mentioned by the agency was allocated to international institutions, a large portion of which was used for their own expenses, and the rest designated as humanitarian aid.
SIGAR’s report stated that the US has spent $3.71 billion in Afghanistan over the past three years, but it has had little significant impact on the country’s economic situation.
According to the statement, the Ministry of Economy has urged the international community and countries to release over $9 billion of Afghanistan’s foreign reserves, which have been frozen, to the Da Afghanistan Bank (DAB).
The statement stated this would allow the funds to be used for maintaining monetary stability, strengthening the financial system, facilitating trade with the world, and ensuring Afghanistan’s economic stability.