Business
World Bank says donors approve transfer of $280 million dollars to help Afghanistan
The World Bank on Friday confirmed that donors have approved the transfer of 280 million U.S. dollars to UNICEF and the World Food Programme (WFP) from the World Bank-administered Afghanistan Reconstruction Trust Fund (ARTF), Reuters reported.
The aid aims to help Afghanistan respond to its humanitarian crisis, while bypassing the government formed by the Islamic Emirate or Afghanistan [IEA].
The IEA says the international community has not been realistic and must avoid mistakes of the past, Reuters reported.
The Islamic government is independent, responsible, committed to its pledges, Inamullah Samangani, deputy government spokesman said in an interview with China Global Television Network (CGTN).
It’s a golden opportunity for the international community, particularly the powerful countries of the world, to interact with today’s Afghanistan and open a new chapter of relations that could benefit both Afghanistan and the international community, he said.
Soon after the IEA took power on August 15, the U.S. blocked access to 9.5 billion dollars in Afghanistan’s central bank reserves held in the U.S.
International Monetary Fund (IMF) paused the release of more than 400 million dollars in funds, citing “a lack of clarity within the international community regarding recognition of a government in Afghanistan.”
According to the report the World Bank also stopped disbursing aid money reserved for the country.
“We request the international community to put pressure on the US to unfreeze our money. This money belongs to the people,” said Mohamad Mangal, a Kabul resident.
“As a human being, I urge the international community to assist people of Afghanistan, based on the values of humanity,” said Sher Agha, another resident.
According to the Reuters Afghan experts welcome the aid but insist that it is not enough to help millions of people in need.
“As much as this money is helpful, it’s not enough unless the international community engages with the Taliban [IEA], we find a working relationship, and the federal reserves of Afghanistan can be released. This is never going to be enough,” said Obaidullah Baheer, a civil society activist.
“Economic development is not possible without money. So it is my request the world community, World Bank, IMF and US government and European Union to come forward and help Afghanistan to ease the economic crisis,” said Alam Khan Hamdard, an economic expert.
Many experts believe that this winter will be the harshest of all times for millions of Afghans, Reuters reported.
Business
‘Made in Afghanistan’ expo opens in Tashkent
The Afghanistan Chamber of Commerce and Investment has announced that a major exhibition of Afghan products titled “Made in Afghanistan” is opening today (Wednesday) in Uzbekistan’s capital Tashkent.
According to the chamber, the expo—supported financially by the United Nations Development Programme—will run until Friday and aims to showcase Afghanistan’s production and export potential.
More than 60 booths have been set up by Afghan traders, featuring a wide range of products including carpets, dried and fresh fruits, saffron, pine nuts, cotton, precious and semi-precious stones, as well as beverages.
Officials from the chamber expressed hope that the expo will help expand trade relations between Afghanistan and countries in the region, particularly Uzbekistan.
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.
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