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MoCI in talks with World Bank to resolve Afghanistan’s banking problem
Ministry of Commerce and Industry (MoCI) officials said they have started discussions with the World Bank to resolve the current banking crisis in the country.
Officials said a delegation from the Islamic Emirate of Afghanistan (IEA) is holding talks with the World Bank on the issue.
“The Economic Commission, the Ministry of Commerce and Industry and the Ministry of Finance have a special program with the World Bank and the United Nations,” said Nooruddin Azizi, Minister of Commerce and Industry.
According to Azizi, some banks add to the challenges.
“Actually, there is no limitation in banking matters, but the banks themselves cause problems,” he said.
On the other hand, the private sector has said that the problems in Afghanistan's banking system that arose after last year's political developments have had a negative impact on the country's commercial and economic activities and resulted in many problems for businessmen.
According to them, the country’s economy will get a quick boost if the IEA is able to resolve the banking problems.
“Some banks do transactions, but it takes time, but the fact that the Ministry of Finance and the Ministry of Commerce intend to talk with the World Bank in order to resolve banking problems is welcome,” said Khanjan Alokozai, a member of Afghanistan Chamber of Commerce and Investment (ACCI).
Economic experts believe that investment and economic growth in the country will be impossible until Afghanistan's banking problems are resolved
Ten people were killed by unknown individuals in Afghanistan’s northern Baghlan province on Thursday night, police said on Friday.
The incident happened as the victims were doing Zikr at a mosque in Shahr-e-Kuhna of Nahrin district, police said in a statement.
The statement said that they used to regularly go to mosques and monasteries at night after returning from work.
Abdul Ghayoor Khadim, a provincial police official, said that several people were arrested in connection with the incident, adding that an investigation was launched.
Deputy Minister of Foreign Affairs of Turkmenistan Serdar Muhammetdurdiyev on Thursday met with Chinese special envoy for Afghanistan, Yue Xiaoyong, the Foreign Ministry of Turkmenistan announced.
During the meeting, the sides discussed priority vectors of strategic interstate cooperation built on a long-term, mutually beneficial basis, as well as exchanged views on the implementation of previously reached agreements.
It was noted that personal contacts between the leaders of the two countries play a key role in intensifying the interstate dialogue, which give a strong impulse to further development and expansion of Turkmen-Chinese ties.
It was emphasized that Turkmenistan considers multilateral international platforms for maintaining stability in Afghanistan as an important factor in promoting sustainable improvement of socio-economic state of the neighboring country. The sides exchanged views on the preparations to the 5th meeting of Foreign Ministers of Afghanistan's Neighboring States to be held in Turkmenistan.
The interlocutors reaffirmed that Turkmenistan and China will continue to provide all-round support for the economic restoration of Afghanistan.
The U.S. House Of Representatives has passed a legislation on evacuation of Afghans who assisted Americans during the 20-year war in Afghanistan.
“The passage of the CARE Authorization Act of 2024 further underscores the commitment made by the U.S. government to safeguard those who served shoulder-to-shoulder with our personnel during the twenty-year mission in Afghanistan,” Congresswoman Dina Titus said in a statement.
“The State Department has made it clear: There is no deadline for the crucial job of protecting Afghan allies. By authorizing the Coordinator for Afghan Relocation Efforts at the State Department, we can more effectively relocate and resettle those who have qualified to immigrate to the U.S. as a result of their service to this country.”
In 2022 the State Department established a specialized office called the Coordinator for Afghan Relocation Efforts (CARE) to streamline and coordinate the ongoing relocation and resettlement process for eligible Afghans from Afghanistan and Pakistan to the United States.
The CARE Authorization Act of 2024 will formally authorize the CARE office at the State Department for three years and grant important authorities to advance its mission. These include an extension of authorities to enter into personal services contracts as well as measures to streamline the transfer of funds to and from other agencies involved in the Afghan relocation mission.
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