Connect with us

Business

Japan pledges over $122 million in aid to Afghanistan for 2021

Ariana News

Published

 on

(Last Updated On: February 1, 2021)

Japan has announced its decision to provide over $122 million to support humanitarian and development programs in Afghanistan for the year 2021.

In a statement issued on Monday, by the Japanese Embassy in Kabul, this aid “is a vigorous step forward in realizing Japan’s pledge delivered at the Geneva Conference in November 2020, where Foreign Minister Mr. Motegi Toshimitsu affirmed Japan’s long-lasting friendship with and support for the people of Afghanistan, and pledged financial assistance up to 180 million USD per year between 2021 and 2024, a figure
comparable to the past four years.”

The embassy stated that this $122.2 million contribution forms a part of Japan’s assistance to Afghanistan to be disbursed in 2021.

“It will enable implementation of 17 humanitarian and development assistance projects orchestrated by various organizations throughout the country, aiming for the betterment of livelihoods through multiple approaches,” read the statement.

“Enhanced security sector plays an essential role in the Afghan-led nation building as we gaze at peace on the horizon. Our continuous contribution to the Law and Order Trust Fund for Afghanistan (LOTFA) exemplifies Japan’s commitment for a peaceful Afghanistan, as LOTFA is a significant multi donor program that plays a vital role in strengthening the country’s security sector,” said Japan’s Ambassador to Afghanistan OKADA Takashi.

“In light of the global pandemic, we also believe that assistance for vulnerable segment of the population who are most severely affected is essential. We truly hope that this new support will contribute to bringing about as many joyous smiles of Afghan people as possible,” he said.

Japan has been assisting Afghanistan’s nation-building efforts in various
fields including security, agriculture, rural development, human capacity
development, education, health, infrastructure, culture and humanitarian
assistance for many years.

With the upcoming disbursement of $122.2 million, the cumulative Japanese assistance to Afghanistan since 2001 will amount to $6.9 billion.

Business

Cash-strapped government puts new projects on hold

Ariana News

Published

on

(Last Updated On: August 1, 2021)

Afghanistan’s Ministry of Finance (MoF) has informed all government departments they need to cut back on budget spend, including that on planned development projects.

In an official notice to all government institutions, MoF has ordered them to stop projects where contracts have recently been signed, and which employ contract workers.

All planned development projects have also been put on hold.

The MoF said that due to the increase in spend for the Afghan National Defense and Security Forces (ANDSF), the increase in health spend and a drop in government income, all government departments need to cut expenditure.

“After the assessment of the development and general budgets by the cabinet, changes have been brought to the ministries and all government budgets because of the increase in ANDSF and health spending. Contracts from the… budget should be halted or suspended,” read the notice.

The MoF said that the government has lost $33 million in customs revenue since the Taliban seized five border crossings in the past month, amid rising violence in the country.

“Sher Khan port in Kunduz, Spin Boldak in Kandahar, Islam Qala in Herat, Abu Nasr Farahi in Farah and Torghundi in Herat have been captured by Taliban in the past month,“said Rafi Tabi, spokesman for the MoF.

Analysts have said the government should consider other steps to cut back on budget spend.

“In this situation, we can’t blame government, but it (government) should consider other options to prevent confusing the public,” said Sayed Massoud, a university lecturer.

This comes after the projected revenue generation for Afghanistan was expected to be 216 billion AFN ($2.7 billion) for the current solar year.

The total 452.6 billion AFN budget for this year did however carry a 37 billion AFN deficit – which government was to provide 20 billion AFN from internal resources and 17 billion AFN was pledged by the International Monetary Fund (IMF) in order to make up the difference.

Continue Reading

Business

Afghan carpet industry facing major challenges: ACCI

Ariana News

Published

on

(Last Updated On: July 26, 2021)

Afghanistan’s Chamber of Commerce and Investment (ACCI) said on Sunday that the Afghan carpet industry is facing numerous challenges despite the foreign aid that has been injected into the industry.

The ACCI said that the lack of a dedicated industrial park and a suitable place to produce carpets are a key challenge that they face.

Carpet makers also said that the drop in exports of Afghan carpets is a major problem.

Abdul Jabar Safi, head of the craftsmen association said despite millions of dollars having been spent and funding from USAID being received no dedicated industrial parks have been established in Andkhoy and Jalalabad – both carpet making hubs.

The Ministry of Commerce and Industry meanwhile said efforts are being made to resume the traditional craft of carpet making in order to preserve the Afghan carpet industry’s uniqueness.

The ministry said that they have assisted carpet producers recently.

“It (new carpet industry) undermines the credibility of Afghan carpets. One good point of the Afghan carpet sector is that it provides 100,000 jobs for people especially for women,” said Fawad Ahmadi, spokesman for the ministry.

Analysts say that the carpet production industry will come to an end if government does not address the carpet producers’ challenges.

Continue Reading

Business

US, Afghanistan, Pakistan Uzbekistan form platform for regional cooperation

Ariana News

Published

on

(Last Updated On: July 16, 2021)

The United States, Afghanistan, Pakistan, and Uzbekistan have agreed in principle to form a new diplomatic platform focused on enhancing regional connectivity, the US State Department said on Friday.

“The parties consider long-term peace and stability in Afghanistan critical to regional connectivity and agree that peace and regional connectivity are mutually reinforcing,” the Department said in a statement.

“Recognizing the historic opportunity to open flourishing interregional trade routes, the parties intend to cooperate to expand trade, build transit links, and strengthen business-to-business ties,” the statement read.

The parties agreed to meet in the coming months to determine the modalities of this cooperation with mutual consensus, the US said.

Continue Reading
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2021 Ariana News. All rights reserved!