Sunday, June 16, 2024

Afghanistan Welcomes World Bank Report on Country’s Economy

Immigration News

Fidel Rahmati
Fidel Rahmati
Fidai Rahmati is the editor and content writer for Khaama Press. You may follow him at Twitter @FidelRahmati

The Deputy Prime Minister for Economic Affairs appreciated the recent World Bank report on Afghanistan’s economy.

The office acknowledged that the report accurately depicts the country’s economic state.

“The acting government believes that if the international community focuses on positive interaction rather than imposing restrictions, Afghanistan’s economic progress will further improve, reducing the burden on the international community,” The office of Mullah Abdul Ghani Baradar said in a statement.

“If all international organizations such as the World Bank present a true picture of the concrete realities of Afghanistan, the way of positive interaction with the current authorities will be paved,” the statement read.

According to a World Bank assessment, Afghanistan has increased exports and imports, maintained monetary stability, and seen growth in domestic income.

Imports totalled $2.4 billion between January and April 2023, up 27% from the previous year. According to the survey, Iran accounts for 21% of imports, with Pakistan (18%), China (16%), and the United Arab Emirates (13%) following closely after.

According to the report, the boost in exports from January to April 2023 was primarily due to increases in coal and textile exports of 13% and 14%, respectively.

Pakistan remains Afghanistan’s top export destination, receiving 63 per cent of its total exports, followed by India at 26 per cent.

Meanwhile, The Ministry of Mine and Petroleum of Afghanistan said China is interested in investing in the energy and mine sector. This will further increase the domestic revenue of the country.

However, the current regime of the Taliban has not been recognized by the international community and neighbouring countries. In addition, the international community conditioned several factors, including women’s rights, freedom press, cutting links with international terrorist outlets, women’s education and employment, forming an inclusive government and respecting religious and ethnic rights.

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