Business
World Bank to Provide $403 million To Support Education, Rural Women in Afghanistan
The World Bank will provide $403 million to support education and rural women in Afghanistan.
The agreements were signed on Tuesday by Mohammad Humayon Qayoumi, the Acting Minister of Finance and Chief Advisor on Infrastructure and Technology to the President, and Shubham Chaudhuri, World Bank Country Director for Afghanistan in presence of Ministers of Education, Rural Rehabilitation and Development, Higher Education and Deputy Women’s Affairs Minister.
“Investing in women empowerment and education programs sets the direct path towards gender equality, poverty reduction, economic growth and higher income,” the Acting Minister of Finance Humayoun Qayoumi said.
“Women are remarkable part of the society; empowering them will enormously contribute to economic and social advancement. I am thankful to our ARTF partners and the Global Partnership for Education for their usual cooperation to our development efforts in Afghanistan,” he added.
The largest part of the package, $298 million will be allocated to improve education, $100 million to Women’s Economic Empowerment Rural Development Project and the remaining $5 million grant to the existing $50 million grant Higher Education Development Project.
“Investing in the next generation of Afghans, ensuring that boys and especially girls in all parts of the country have access to a quality education, and unlocking the latent potential of Afghanistan’s women through women’s economic empowerment programs, are probably the two most important initiatives we could support to secure a better future for Afghanistan,” said Shubham Chaudhuri “I am grateful that our ARTF partners and the Global Partnership for Education share this commitment and have contributed to the financing package we signed today.”
The Acting Minister of Education Mirwais, meanwhile, said that 1.7 million Afghan children is deprived of education and that the package could benefit these children in this regard.
“By signing this agreement, important deeds will be done for improving quality of education,” Balkhi said while calling the EQRA project vital.
“ The Ministry of Education has finalized al the practical plans and the program will be completed in due time and in accordance with the specified budget, which in any case will have positive impacts on the education system of the country,” he added.
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.
The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.
The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.
“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.
Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.
The chamber officials stressed expanding the culture of using domestic products in government projects.
“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.
Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.
Da Afghanistan Bank (DAB) announced Monday that online exchanges are banned and legal action will be taken against anyone who violates the order.
DAB said in an announcement that it has not issued any license to any person or company to operate an online exchange, because such activities are illegal.
“Da Afghanistan Bank requests our dear compatriots to refrain from online exchange transactions due to the risks, damages and subsequent consequences of these transactions,” it said.
DAB added that the issue has been shared with intelligence and security institutions and legal action will be taken against violators.
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