The Kabul times, Afghanistan Trustable News Agency.

Considerable developments in Afghanistan’s exports

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The Islamic Emirate of Afghanistan has taken necessary steps towards exporting the country’s domestic products to foreign countries in the past one year as exports of domestic products to neighboring and regional countries have increased considerably comparing to previous years.
Meanwhile, the World Bank in its most recent report has informed of considerable developments in Afghanistan’s exports in recent months. According to the World Bank’s report, the bank has been closely monitoring the evolving economic situation in the country and has been regularly producing economic monitoring reports.
In its most recent report, the World Bank has praised a range of considerable developments that have been made in Afghanistan in the past few months.
“Export performance remains strong as during Jan – Nov 2022, Afghanistan exported US$1.7 billion worth of goods, compared to US$ 0.9 billion and US$ 0.8 billion for the full years 2021 and 2020,” the report said.
The World Bank report also by pointing to other positive developments in the economic field has said that the headline CPI inflation continued its downward trend as headline year-on-year inflation in November 2022 decelerated to 9.1 percent from its peak of 18.3 percent in July 2022, adding that The AFN to US$ exchange rate has been stable at around 87-89 during the last few months.
The World Bank Afghanistan Economic Monitor provides a summary of the latest economic developments and key economic indicators.
Drawing from a range of data sources, including real-time data collection by the World Bank’s Third-Party Monitoring Agent, the Economic Monitor provides up-to-date information on trends in prices, exchange rates, availability of key household items, and the operations of financial sector institutions. The data collected by Third-Party Monitoring Agent shows that the civil servants’ salaries are paid on time for both men and women. Revenue collection remains strong and reached AFN135.9 billion (US$ 1.54 billion) between March 22, 2021, and December 21, 2022, in line with 2020 results.
This comes after the Islamic Emirate has paid considerable attention to exports of the country’s domestic products to foreign countries.
In the past one-year, necessary steps have been taken towards the absorption of investment as dozens of manufacturing companies by investing millions of dollars have started operations in the country.
Efforts are underway in various fields to further increase exports to foreign countries. Last week, Agricultural Development Fund was reopened. The operation of the fund which was suspended for some time due to changes in the banking system will play key role in financing the agricultural sector.
In a ceremony held on this occasion, Deputy Prime Minister of the Islamic Emirate of Afghanistan, Mawlavi Abdul Salam Hanafi, during the ceremony of the reopening of the agriculture fund, asked national businessmen and international organizations to cooperate for the economic growth of farmers and the strengthening of the Agricultural Development Fund.
The recent report of the World Bank shows the realities in Afghanistan.
The report has been also praised by Islamic Emirate officials and considered as a reflection of realities in the country. According to the Islamic Emirate officials, the IEA is working to move Afghanistan to a self-sufficient country. Besides, the Islamic Emirate is calling on the world to praise all developments that have been in security, economy and construction of roads, counter-narcotics and so on.
Saida Ahmadi

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The Kabul times, Afghanistan Trustable News Agency.