Business
USAID implements $200 million worth project in Afghanistan
The United States Agency for International Development (USAID) is implementing a project, worth a total of almost $ 200 million in Afghanistan.
Deputy of USAID says that the project is named “Promote” and will create many facilities for the growth of Afghan women.
Larry Sampler, deputy of USAID noted that despite the current challenges, their cooperation will be continued in various sectors of Afghanistan.
Sampler emphasized that USAID’s cooperation has focused more on business growth and employment of young people, particularly Afghan girls.
“The “Promote” project worth $200 million and will be completed up to the next five years,” said Larry Sampler, deputy of USAID.
He also stated that because Afghan women and girls need more attention, they will implement more projects in this field.
“We had a large number of projects in Afghanistan and currently we are cooperating with Kabul University as well as American University of Afghanistan. But our focus is more on education of Afghan women and girls,” Sampler added.
USAID boasts the world’s largest civilian assistance program to Afghanistan and plays a major role in rehabilitating the rural economy, developing financial organizations, increasing trade and exports, and repairing the infrastructure for energy, transport, and water services in Afghanistan.
It assists in building democratic institutions that can perform in a participatory, accountable and responsible manner and also helps Afghanistan in its efforts to build strong judicial, healthcare, and education systems that safeguard the rights of every Afghan citizen.
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
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