Business
World Bank and ARTF approve three emergency projects totaling $793 million
The Afghanistan Reconstruction Trust Fund (ARTF) Management Committee and the World Bank this week approved three projects totaling $793 million that will provide urgent and essential food, livelihood, and health services to the people of Afghanistan.
According to a statement issued by the World Bank, all three projects will be implemented off-budget out of the interim government’s control, through United Nations agencies and non-governmental organizations. The activities are coordinated with other multilateral and bilateral funding pledges for Afghanistan, the statement read.
“These projects are designed to help women and girls benefit from project activities. Entry criteria, including the principles of equitable access for women, must be met and funds will be released in two tranches to provide the opportunity for ARTF donors to review progress on the ground and assess whether announced policies of the interim administration continue to allow the participation of women.
“All three projects also have internal fiduciary control and independent monitoring arrangements to ensure that funds are utilized for their intended purposes,” the statement noted.
The Afghanistan Emergency Food Security Project will help in the production of food crops for smallholder Afghan farmers and prevent the further deterioration of food security.
A total amount of $195 million will be released in two tranches: $150 million and $45 million, the World Bank said.
The second project, the Afghanistan Community Resilience and Livelihoods Project will help provide short-term livelihood opportunities and deliver urgent essential services in rural and urban areas.
According to the World Bank, the project aims to provide livelihood and income opportunities for one million households in 6,450 rural communities across Afghanistan and the cities of Bamiyan, Herat, Jalalabad, Kabul, Kandahar, Khost, Kunduz, and Mazar-e-Sharif.
Women and vulnerable groups, including persons with disabilities and internally displaced people, will receive special assistance, the World Bank’s statement read.
A total amount of $265 million will be released in two tranches: $100 million and $165 million.
The third project, the Afghanistan Health Emergency Response Project will increase the utilization and quality of essential health services in Afghanistan.
This project aims to deliver basic health, nutrition, and COVID-19 services in partnership with national and international service providers, in more than 2,300 health facilities nationwide.
Among the other expected results, the project will help two million children to be fully immunized and more than 1.2 million women will give birth at the health facilities.
A total amount of $333 million will be released in two tranches.
Business
Afghani strengthens nearly 10% against US dollar amid banking sector reforms
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
Afghanistan’s central bank, Da Afghanistan Bank, says the national currency has appreciated by 9.93% against the US dollar during the year 1404, citing steady progress in the country’s financial and banking systems.
Officials attributed the gains to cautious monetary policies that have helped stabilise the Afghani against major global currencies while also boosting its value against the dollar.
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
As part of efforts to better manage liquidity, authorities also collected and destroyed worn-out banknotes in circulation. At the same time, officials reported growth in electronic banking, with digital payment usage rising in recent months.
Central bank spokesperson Haseebullah Noori said initiatives are underway to broaden access to banking services nationwide, including the wider rollout of Islamic banking options.
Analysts welcomed the stabilisation efforts but stressed the need to address ongoing challenges facing domestic banks, including the impact of international financial sanctions on Afghanistan.
They added that expanding Islamic banking could help draw more savings into the formal financial system, noting that a significant share of personal wealth remains outside banks. Bringing those funds into the sector, they said, could inject billions of Afghanis into the economy and further support financial stability.
Business
Uzbekistan delivers over 290 tons of aid to Afghanistan
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
Uzbekistan has delivered more than 290 tons of humanitarian aid to Afghanistan, according to the country’s Ministry of Foreign Affairs.
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
The shipment includes essential food supplies such as flour, rice, wheat, vegetable oil, instant meals, pasta, and confectionery. An official handover ceremony was held in the border town of Hairatan.
Local officials, including Balkh province representatives and authorities from Hairatan, expressed appreciation for the continued support, acknowledging Uzbekistan’s efforts to assist the Afghan people.
Among those present at the ceremony were Uzbekistan’s Ambassador to Afghanistan, Oybek Usmanov, and Surkhandarya regional governor Ulugbek Kosimov.
The aid delivery underscores Uzbekistan’s ongoing humanitarian engagement and its broader efforts to promote regional cooperation and stability.
Business
Turkmenistan, Afghanistan discuss steps to speed up land acquisition for TAPI pipeline
By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.
Officials from Turkmenistan and Afghanistan have held talks aimed at accelerating land acquisition for the long-planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, according to Afghanistan’s Ministry of Agriculture, Irrigation, and Livestock.
The issue was discussed during a meeting between TAPI project head Murad Amanov, Afghanistan’s acting Minister of Agriculture, Irrigation, and Livestock Mullah Attaullah Omari, and Turkmenistan’s ambassador to Afghanistan Hoja Ovezov.
Amanov briefed Afghan officials on recent progress and emphasized the need to accelerate procedures related to land acquisition and the determination of land prices in line with the framework agreement signed by the four participating countries.
Meanwhile, vessels operated by the Azerbaijan Caspian Shipping Company (ASCO), part of AZCON Holding, have begun transporting pipes for the project. The shipments are being carried from the Port of Baku to the Turkmenbashi International Seaport.
By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.
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