Business
Coronavirus: World Bank grants $100.4 Million in aid to Afghanistan
The World Bank on Thursday approved a $100.4 million grant for Afghanistan to fight the pandemic COVID-19 in the country.
The World Bank said in a statement that the aid is dedicated to Afghanistan for the COVID-19 Emergency Response and Health Systems Preparedness Project to help Afghanistan take effective action to respond to the threat posed by COVID-19 and strengthen its public health preparedness.
“This new fast track package will cover all 34 Afghan provinces and reinforce essential health care services to slow down the spread of COVID-19 across Afghanistan and deliver optimum care in the case of a surge in demand for treatment,” the statement said.
The statement noted that the financing will support infected people, at-risk populations, medical and emergency personnel as well as service providers, medical and testing facilities, and national health agencies.
The project is financed by a grant from the International Development Association (IDA), the World Bank Group’s fund for the poorest countries, in the amount of $100.4 million, of which $19.4 million is provided from the World Bank’s COVID-19 Fast-Track Facility. It will be implemented by the Ministry of Public Health supported by UN agencies and service providers already working under the Sehatmandi project.
“The World Bank stands firm with the Afghan government and people to fight the spread of COVID-19 in the country,” said , World Bank Country Director for Afghanistan.
“This emergency support package will help Afghanistan’s health system mitigate the impact of an outbreak and strengthen health services. The World Bank, together with the Government of Afghanistan and other partners, will work tirelessly to implement this project and is committed to helping Afghanistan lessen the impact posed by COVID-19 in the most effective way,” Kerali added.
The project will also help address significant negative externalities expected in the event of a widespread COVID-19 outbreak, including comprehensive health awareness and behavior change campaigns.
It comes as the number of positive cases for the Coronavirus has risen to 274 with six deaths in Afghanistan.
Business
Afghanistan Chamber of Commerce officials meet FM Muttaqi to discuss trade issues
Officials from the Afghanistan Chamber of Commerce and Investment (ACCI) met with Foreign Minister Amir Khan Muttaqi on Tuesday to discuss key issues related to trade, transit, and investment in the country.
During the meeting, Syed Karim Hashemi, head of the ACCI, highlighted the importance of attracting foreign investors to various economic sectors and called on the Ministry of Foreign Affairs to provide additional support and facilitation to encourage investment. He also addressed matters concerning the operations and development of the Chamber itself.
Minister Muttaqi welcomed the Chamber’s proposals and pledged full cooperation from the Ministry in trade and transit initiatives, particularly by creating enhanced facilities for foreign investors to promote economic growth in Afghanistan.
Business
Trump says nations doing business with Iran face 25% tariff on US trade
President Donald Trump said on Monday any country that does business with Iran will face a tariff rate of 25% on any trade with the U.S., as Washington weighs a response to the situation in Iran which is seeing its biggest anti-government protests in years.
“Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25% on any and all business being done with the United States of America,” Trump said in a post on Truth Social, Reuters reported.
Tariffs are paid by U.S. importers of goods from those countries. Iran, a member of the OPEC oil producing group, has been heavily sanctioned by Washington for years. It exports much of its oil to China, with Turkey, Iraq, the United Arab Emirates and India among its other top trading partners.
“This Order is final and conclusive,” Trump said without providing any further detail.
There was no official documentation from the White House of the policy on its website, nor information about the legal authority Trump would use to impose the tariffs, or whether they would be aimed at all of Iran’s trading partners. The White House did not respond to a request for comment.
The Chinese embassy in Washington criticized Trump’s approach, saying China will take “all necessary measures” to safeguard its interests and opposed “any illicit unilateral sanctions and long-arm jurisdiction.”
“China’s position against the indiscriminate imposition of tariffs is consistent and clear. Tariff wars and trade wars have no winners, and coercion and pressure cannot solve problems,” a spokesperson of the Chinese embassy in Washington said on X.
Iran, which had a 12-day war with U.S. ally Israel last year and whose nuclear facilities the U.S. military bombed in June, is seeing its biggest anti-government demonstrations in years.
Trump has said the U.S. may meet Iranian officials and that he was in contact with Iran’s opposition, while piling pressure on its leaders, including threatening military action.
Tehran said on Monday it was keeping communication channels with Washington open as Trump considered how to respond to the situation in Iran, which has posed one of the gravest tests of clerical rule in the country since the Islamic Revolution in 1979.
Demonstrations evolved from complaints about dire economic hardships to defiant calls for the fall of the deeply entrenched clerical establishment. U.S.-based rights group HRANA said it had verified the deaths of 599 people – 510 protesters and 89 security personnel – since the protests began on December 28.
While air strikes were one of many alternatives open to Trump, “diplomacy is always the first option for the president,” White House press secretary Karoline Leavitt said on Monday.
During the course of his second term in office, Trump has often threatened and imposed tariffs on other countries over their ties with U.S. adversaries and over trade policies that he has described as unfair to Washington.
Trump’s trade policy is under legal pressure as the U.S. Supreme Court is considering striking down a broad swathe of Trump’s existing tariffs.
Iran exported products to 147 trading partners in 2022, according to World Bank’s most recent data.
Business
Afghanistan–China joint market opens in Kabul
In a statement issued on Monday, the ACCI said the newly launched “Afghan–China Market” offers approximately 28,000 varieties of Chinese products, now available to consumers across the capital.
The Afghanistan Chamber of Commerce and Investment (ACCI) has announced the official opening of a joint Afghanistan–China market in Kabul, established through shared investment by Afghan and Chinese traders.
In a statement issued on Monday, the ACCI said the newly launched “Afghan–China Market” offers approximately 28,000 varieties of Chinese products, now available to consumers across the capital.
Officials overseeing the project said the goods are being sold at competitive prices while meeting quality standards, with the aim of expanding choices for Kabul residents and supporting local traders.
They noted that joint initiatives of this nature can contribute significantly to economic growth, enhance bilateral trade ties between Afghanistan and China, and encourage increased foreign investment.
The launch of the Afghan–China Market aligns with broader efforts to strengthen regional trade cooperation and generate new business and employment opportunities within Afghanistan.
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