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ADB’s governors approve ADB’s financial statements

Ariana News



(Last Updated On: May 22, 2020)

The Board of Governors of the Asian Development Bank approved ADB’s financial statements in its first-ever virtual Annual Meeting.

ADB on its official website wrote that its Board of Governors had approved ADB’s financial statements and the allocation of its 2019 net income in the Annual Meeting today.

The annual meeting took place through video conferencing (VTC) Friday amid the COVID19 pandemic.

In his remarks to the meeting, ADB President Masatsugu Asakawa said, “Our immediate priority is to provide vital support to developing member countries as they confront the COVID19 pandemic and return their economies to a path of sustainable growth,”

“Your approval today of the financial statements and allocation of net income ensure that we have the tools and financial stability to address the enormous challenges that now affect the lives and economies of millions of people across our region,” he added.

The Chair of the Board of Governors said, “Our choices and efforts today will determine whether we can overcome the current health care and economic crises.”

He added, “The ADB should turn this crisis into an opportunity while enhancing knowledge sharing on COVID-19 policy responses and expanding support for low-income countries and vulnerable groups.”

The Board of Governors adopted a resolution to allocate $1.069 billion of net income from ADB’s 2019 ordinary capital resources.

The allocable net income will be distributed as follows:

  • $615.7 million to support ADB’s capital adequacy to generate net income,
  • $259.5 million to the Asian Development Fund, which provides grants to ADB’s low-income member countries,
  • $130 million to the Technical Assistance Special Fund, which includes support to respond to the COVID19 pandemic,
  • $30 million to the Regional Cooperation and Integration Fund,
  • $24 million to the Climate Change Fund, and
  • $10 million to the Asia Pacific Disaster Response Fund.

ADB is actively supporting its members as they address the effects of COVID-19 through its $20 billion response package announced on 13 April.


Air Arabia Abu Dhabi launches new service to Kabul and Dhaka

Ariana News



(Last Updated On: August 4, 2020)

Air Arabia Abu Dhabi has announced the introduction of two new destinations — Kabul in Afghanistan and Dhaka in Bangladesh – with direct flights from Abu Dhabi commencing on August 7.

Initially there will be three flights a week from Abu Dhabi to Kabul, on a Wednesday, Friday and Sunday.


Air Arabia Abu Dhabi was formed following an agreement by Etihad Airways and Air Arabia to establish Abu Dhabi’s first low-cost carrier that follows the business model of Air Arabia and complements the services of Etihad Airways from Abu Dhabi thereby catering to the growing low-cost travel market segment in the region.

Air Arabia Abu Dhabi started its operations in July 2020 with flights to Alexandria and Sohag in Egypt from Abu Dhabi International Airport.



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Gov’t collects more than 2.2 billion AFN from 10% telecom tax in past seven months

Ariana News



(Last Updated On: August 2, 2020)

The government has logged more than 2.2 billion AFN in tax collection via the 10 percent telecom tax on mobile phone subscribers since the beginning of the current fiscal year. 

The Ministry of Communication and Information Technology (MCIT) said Saturday that through the Real-Time Data Management System – a system used for monitoring the collection of the 10 percent taxes from telecom services – it managed to collect the revenue.

“We managed to collect more than 2.2 billion AFN since the beginning of 2020 and handed it over to the government treasury,” said Abdul Samad Hamid Poya, a spokesman for the MCIT.

Experts, however, claimed the Ministry has yet to ensure transparency in the collection process of the 10 percent revenue tax from mobile phone users.

According to them, the ministry failed to provide details about the exact number of active SIM Cards. But Samad Hamid Poya blamed some telecom companies for not providing them information on the issue.

“We acknowledge that the Ministry of Communications has done some of its work, but if the 10 percent tax would be collected transparently the ministry could generate more revenue than what they have shared,” Salim Tufan an economist told Ariana News.

Last year the MCIT installed “Real-Time Data Management” for the collection of tax across the country. The system was aimed at collecting genuine information through connecting with the telecommunication network system to ensure and gain public confidence in the transparency of the collection process of 10 percent telecom tax and other telecommunication revenues.

Since then, the system remained one of the most controversial issues in the Ministry. Critics believe that the system cannot ensure transparency in the mobile tax collection.

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Integrity Watch urges govt to engage with locals to develop mining sector

Ariana News



(Last Updated On: July 30, 2020)

Integrity Watch Afghanistan said in a new study of community engagement in the mining sector that the role of local communities in mining areas is very weak and the government has not institutionalized public engagement through any long-term strategy.

Integrity Watch said the report provides a working basis for civil society organizations willing to develop a community monitoring project in the mining sector and states that there is vast potential in engaging communities in the mining sector including prevention of illegal mining, increasing government revenues and contributing to stability and security at the local level.

Speaking at the launch of the report, Sayed Ikram Afzali, Executive Director of Integrity Watch, said: “The government has taken some steps to engage the public in the extractive sector. However, these efforts have been sporadic, have not been informed by Afghan and global experiences and have therefore not been effective during the past ten years.”

He said that early this month the cabinet decided governors need to collect information from local communities about mining sites.

Afzali said this was a welcome step by the government but the process of collecting information needs to be systematic and well planned.

“Our experiences of Community-Based Monitoring (CBM) in other sectors prove that public engagement can improve accountability and build trust between the government and the citizens.

“The Afghan government can build trust and provide people with a constant channel of communication by engaging communities in the monitoring of mining operations throughout the mining cycle from exploration to extraction.”

Meanwhile, Charlotte Boyer, the author of the report, said: “This report outlines the dos and do-nots of engaging people in the extractive sector and this could be used by civil society, government and the private sector to understand people’s views and design their engagement mechanisms with the communities around the mining sites.”

The report notes a number of recommendations that could be taken into consideration when engaging people in the mining sector.

The report also suggests a methodology developed by Integrity Watch be used whereby communities are mobilized and trained, and a literate and honest member of the community is elected to monitor the mining site. Information can then be shared on progress and challenges and issues can be identified and addressed with the mining company and local government.

But torn by four decades of war, Afghanistan is believed to be sitting on one of the richest troves of minerals in the world. The value of these resources has been roughly estimated between $1 trillion and $3 trillion.

Afghanistan has vast reserves of gold, platinum, silver, copper, iron, chromite, lithium, uranium, and aluminum as well as high-quality emeralds, rubies, sapphires, turquoise, and lapis lazuli as well as natural gas and petroleum.

Earlier this year, the Diplomat reported that the one thing that could possibly shift Afghanistan from being a foreign aid-dependent country to an economically stable one is the proper exploitation of its mineral wealth.

The Diplomat reported that if robust policies coupled with a comprehensive, realistic and long-term strategic approach is adopted and if exploited effectively, mining could prove to be the best substitute for foreign aid and decrease the country’s dependence on donor countries and foreign support.

These resources, if properly managed, provide an opportunity for Afghanistan to write its own story of economic success, the article stated.

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