Business
USAID Funds $ 100 Million for Afghanistan to implement 10 Indicators
Officials in Ministry of Finance have stated that US Government has provided $ 100 million for the 10 indicators to be implemented in Afghanistan and the aid will be paid by the USAID in coming 4 years.
Meanwhile representative of the United States Agency for International Development USAID stated that Brussels summit is the main factor that made Afghan leaders to meet commitments to receive the financial aid.
Minister of Finance Mohammad Iklil Hakimi said,” The following aid will paid for the implementation 10 reconstruction indicators each one costs $ 20 million, since we are in the middle of the fiscal year 5 indicators has been implemented and now we witness signing of receiving the $100 million.”
Ways of the implementation of the commitments by the Afghan Government will be reviewed by the USAID therefore US Government annually pays $ 200 million for Afghan Government.
“ US Government pays funds for Afghan Government and USAID reviews the ways of spending aids which were allocated for the reconstruction of Afghanistan, in the final phase the money will be added into our accounts Minister of Finance Mohammad Iklil Hakimi said,”
USAID representative William H for Afghanistan- Pakistan declared the earliest implementation of the commitments which were met by the Afghan Government was the Brussels summit.
He said,” While providing the Afghan Government opportunity and flexible assistance that enable it to lead its own development trajectory based on its own priorities, earlier this week, USAID completed a very robust verification process looking at verification of the indicators and associated results, under this trench 3 of the new development of the partnership for this year 2016, despite of incredibly busy season, as we prepared for the Brussels conference on Oct 5th the Government of Afghanistan was successful in completing these results early near the six months before agreed upon target date, after true verification, USAID and the Ministry of Finance have determined that the Government eligible to receive $ 100 million for the achievement of the results.”
Giving the Afghanistan air control to a reliable International company, Afghanistan supplies electronic payment system, efforts to ensure peace and safety for Women, bringing changes into the administrative reformation system, adjusting of the taxation law on incomes, drafting the provincial budget are the upcoming programs where the $ 100 million will be spent on.
Reported by Ali Asghari
Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.
The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.
According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.
According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.
The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.
In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”
The ministry added that one train will run daily for a month and then two trains will run daily.
According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.
Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.
As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.
This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.
A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.
Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.
“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”
According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.
Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.
During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.
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