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World Bank funds to fight COVID19 transferred to Afghan government

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The World Bank, in a statement released Monday, says that US$20 million was transferred to the government of Afghanistan on April 13, 2020, aimed for the emergency response to the pandemic, including contracting service providers in all 34 provinces to deploy COVID-19 related services.

The statement writes, “This is the first part of a US$100.4 million grant approved by the World Bank on April 2, 2020 for the Afghanistan COVID-19 Emergency Response and Health Systems Preparedness Project that became effective on April 12, 2020.”

“Additionally, to expedite availability of resources for the Government to deal with the COVID-19 pandemic, the World Bank has made available up to US$40 million as retroactive funding to reimburse the Government for eligible expenditures for health services related to COVID-19 pandemic incurred since January 1, 2020,” the statement says.

It also indicates that these costs can be reimbursed by the World Bank as soon as the government provides the list of eligible services and related expenditures.

According to the statement, the Afghanistan COVID-19 Emergency Response and Health Systems Preparedness Project was designed in close coordination with the Government, including the Ministry of Finance and Ministry of Public Health.

It further reveals, “The World Bank together with UNICEF, WHO and other Development Partners will continue providing technical assistance and supply of equipment for the successful implementation of the project as part of the Government’s COVID-19 response.”

The statement believes that the rapid deployment of the project by the Ministry of Public Health and other relevant government entities will help minimize the spread of COVID-19 in the country.

The statement concludes underlining the commitment of the World Bank to working closely with the Afghan ministries of public health and finance to safeguard the people of Afghanistan against the pandemic.

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Bayat Power’s 40-megawatt gas-fired turbine resumes operations in Jawzjan

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Bayat Power’s 40-megawatt gas-fired power turbine has resumed operations in Jawzjan province following an inauguration ceremony attended by Mullah Abdul Ghani Baradar Akhund, Deputy Prime Minister for Economic Affairs, on Saturday.

During the ceremony, Mullah Baradar praised Bayat Power’s investment in gas-fired electricity generation and encouraged other investors to invest in the electricity sector and other areas of the country’s economy.

He said the Islamic Emirate of Afghanistan had taken significant steps towards economic growth and industrialization, creating favorable investment opportunities across the country.

Mullah Baradar also called on investors and industrialists to contribute to Afghanistan’s reconstruction and development and help create employment opportunities for the Afghan people.

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Afghanistan’s finance minister travels to Iran for official visit

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Afghanistan’s Minister of Finance, Mohammad Nasir Akhund, has travelled to Iran at the head of a delegation following an official invitation from Iran’s Minister of Agriculture, the Ministry of Finance said.

During the visit, Akhund is expected to meet with various Iranian officials to discuss bilateral economic, trade, customs and other related issues.

The visit will also include discussions on key topics for an upcoming meeting of the joint economic commission between Afghanistan and Iran.

 
 
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Newly rehabilitated power line to benefit 60,000 consumers in Faryab

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Afghanistan’s Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar, on Saturday inaugurated the rehabilitated 110-kilovolt (kV) power transmission line connecting Maimana and Andkhoy in Faryab province.

According to the Deputy Prime Minister’s Office for Economic Affairs, the completion of the project will provide around 60,000 consumers with a more stable and reliable electricity supply.

Speaking at the inauguration ceremony, Baradar said the project would help meet local electricity needs, expand industrial activities and contribute to the region’s economic and social development.

He said the Islamic Emirate of Afghanistan (IEA) had implemented several electricity generation and transmission projects in a relatively short period, reducing reliance on imported electricity and power outages while creating new opportunities for industrial growth.

Baradar also said several major electricity infrastructure projects would be implemented over the next year to ensure a sustainable power supply, adding that the country’s existing electricity capacity would increase several times.

Addressing Afghanistan’s security situation, Baradar said the country was currently experiencing a level of security that he claimed was unmatched in most countries. He added that foreign tourists and visitors had continued to travel to Afghanistan since the IEA returned to power, including to remote areas of the country.

He rejected security-related concerns raised by some countries over travel to Afghanistan, describing them as unfounded and politically motivated. He called on the international community to strengthen meaningful engagement with Afghanistan based on realities on the ground.

Baradar also invited domestic and foreign investors to invest in Afghanistan, saying a secure and suitable environment had been created for large- and medium-scale investments.

 

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