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IMF approves immediate debt relief for 25 countries including Afghanistan

Ariana News



(Last Updated On: April 30, 2020)

The International Monetary Fund (IMF) has approved immediate debt relief for 25 countries – including Afghanistan – aimed to help these countries to fight the COVID-19 pandemic.

“Today, I am pleased to say that our Executive Board approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help address the impact of the COVID-19 pandemic,” Kristalina Georgieva, the IMF’s managing director said.

She added that the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) can currently provide about US$500 million in grant-based debt service relief, including the recent US$185 million pledge by the U.K. and US$100 million provided by Japan as immediately available resources.

“I urge other donors to help us replenish the Trust’s resources and boost further our ability to provide additional debt service relief for a full two years to our poorest member countries,” Kristalina noted.

“This provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six months and will help them channel more of their scarce financial resources towards vital emergency medical and other relief efforts,” the IMF’s managing director added.

The countries that will receive debt service relief today are Afghanistan, Benin, Burkina Faso, Central African Republic, Chad, Comoros, Congo, D.R., The Gambia, Guinea, Guinea-Bissau, Haiti, Liberia, Madagascar, Malawi, Mali, Mozambique, Nepal, Niger, Rwanda, São Tomé and Príncipe, Sierra Leone, Solomon Islands, Tajikistan, Togo, and Yemen.

It comes as the total cases of the novel Coronavirus hike to 1,934,125 with 120,437 deaths and 456,589 recoveries worldwide.


New pine nut plant will boost Paktia economy and provide 1,000 jobs

Ariana News



(Last Updated On: November 27, 2020)

For many Paktia residents struggling to earn a living, the new Rahim Gardezi pine nut processing plant will bring much relief.

According to provincial officials, 90 percent of construction work is complete and the plant will soon be officially opened.

Naser Alam Yar, Paktia Chamber of Commerce’s chief, says the factory will employ 1,000 people and process about 60,000 tonnes of pine nuts a year.

For local residents this is good news – especially after agriculture officials in the southeastern province said recently that this year’s pine nut harvest totalled around 13,000 tons — up about 1,000 tons compared to last year.

Bahadur Mangal, a pine nut trader in Paktia province, told Pajhwok Afghan News that modern agriculture methods still need to be introduced in order for farmers to increase their harvests.

He said however that pine nut harvesting was an important source of income for hundreds of people in the province but that yields could increase if plantations were expanded.

About two years ago President Ashraf Ghani pledged to help turn Paktia’s economy around by starting up a pine nut processing factory and launching other viable projects.

However, residents have said they are still waiting for economic development projects to be launched in the province.

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Saffron flower harvesting process underway in Helmand

Ariana News



(Last Updated On: November 25, 2020)

In order to promote saffron cultivation in Helmand province, the Ministry of Agriculture, Irrigation and Livestock (MAIL) set up 12 model farms in the province last year and farmers are now harvesting their “gold”.

“Saffron cultivation in Helmand has been successful, I hope it grows [throughout] Helmand in future,” said Zalmai Alko, the provincial director of agriculture.

Alko says they established 12 model farms in Helmand to promote saffron cultivation, and farmers tending the crops have been provided with the necessary equipment. He also said these farmers were in desperate need of assistance and will now hopefully be able to move forward and earn a living from saffron.

He said that creating jobs for these farmers was a key driving force behind the establishment of the farms.

According to him, the Helmand climate is suitable for saffron cultivation and he hopes saffron farming will become more prolific in the province.

Last year, 15 saffron farms were established as part of the pilot program in Helmand, which have now yielded results, Alko said.

Helmand is infamous for the proliferation of poppy farming for opium which ends up around the world as heroin and over the years the Afghan government has tried to encourage poor farmers to move away from the illicit cultivation of poppies and switch instead to crops including wheat and pomegranates – and now, hopefully, also saffron.

The saffron flower has purple petals, yellow stamens and a three-part red-orange stigma that becomes the saffron strands.

It is usually only harvested once a year in other parts of the country, but agriculture experts believe that due to the Helmand climate, saffron might grow year-round in the province, allowing for two harvests a year.

Currently one kilogram of saffron costs about $6,000 in the region and as much as $8,000 on international markets. Growing saffron may therefore potentially be very lucrative for farmers.

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India to build Shahtoot dam in Kabul

Ariana News



(Last Updated On: November 26, 2020)

India’s External Affairs Minister S. Jaishankar announced on Tuesday at the Geneva Conference 2020 that his country will build a new dam to provide Kabul residents with safe drinking water.

Addressing delegates virtually, Jaishankar said the Shahtoot dam will help supply Kabul residents with water.

“I am happy to announce today an agreement with Afghanistan for building the Shahtoot dam which will provide safe drinking water to two million Kabul residents.

He also said India will launch phase four of a high impact community development program in Afghanistan, which includes around 150 projects worth $80 million dollars.

He stated India has invested heavily in peace and development in Afghanistan but said his country calls for an immediate and comprehensive ceasefire.

“We also believe that the peace process must be Afghan-led, Afghan-owned and Afghan-controlled.”

A feasibility study for the dam was reportedly finalized in 2012 and the estimated cost will be around $236 million.

This dam would also allow for irrigation systems to cover 4,000 hectares of land in the Charasiab and Khairabad districts of Kabul province.

Once complete, officials said the dam will hold 146 million cubic meters of potable water for two million people in Kabul and irrigation water for over 4,000 hectares of land.

India has played a major role in the reconstruction of Afghanistan since the fall of the Taliban regime and has invested over $2 billion in various reconstruction and infrastructure projects.

In 2016, Ghani and Indian Prime Minister inaugurated the Indian-funded “Friendship Dam” in Heart Province, which can also irrigate over 80,000 hectares of land and provide electricity to thousands of homes in the western Afghan province of Herat.

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