KABUL: In response to the latest report of the World Bank released on [April 18, 2024] on the economic situation of Afghanistan, the Deputy Prime Minister for Economic Affairs Office in a statement appreciated the parts of the bank’s report that are based on the facts.
In its report, the bank has acknowledged the increase in the value of Afghani currency against foreign currencies, the 90 percent reduction in drug cultivation, and the collection of 9 percent more revenue than the target in 2023 and other improvements.
On the other hand, the Deputy Prime Minister for Economic Affairs said that after the restoration of the Islamic Emirate, the level of Domestic Gross Products has increased.
“The main reason behind the decrease in food and non-food items prices is the increase in the production of these items at home,” said the statement.
The statement quoted the Bank reports as saying that “effective monetary policies and market assessments have ensured the appropriate supply of Afghani based on market demand, leading to significant strides in reducing the trade deficit.”
Regarding the report’s mention of farmers losing income due to the ban on opium cultivation, the Islamic Emirate acknowledges this policy and its efforts to provide alternative crops to farmers.
The Islamic Emirate of Afghanistan urges the international community to fulfill its responsibility in this regard.
The Islamic Emirate of Afghanistan emphasizes that positive engagement from the international community, including the removal of sanctions and the release of Afghanistan’s frozen assets, along with cooperation in various sectors and financing development projects, will result in the creation of new job opportunities and positively impact the country’s economic situation.
Deputy PM Office for Economic Affairs appreciates reality-based components of World Bank report
