IEA Calls World Bank’s recent report on Afghanistan inaccurate

KABUL: The Office of the Deputy Prime Minister for Economic Affairs, in a statement on Saturday, rejected the World Bank’s report on Afghanistan’s economy, stating that the report is far from reality.

While the report acknowledges certain positive indicators, such as the growth of the Gross Domestic Product, the stability of the Afghan currency against foreign currencies, consistent export levels, the achievement of domestic revenue targets, the decline in food prices, and progress in the domestic industrial and banking sectors, the levels of growth and improvement in these areas are, in reality, significantly higher than what the report reflects.

The report also highlights challenges such as high unemployment, the lack of initiation of infrastructure projects, and limited levels of investment.
However, since the re-establishment of the Islamic Emirate, numerous projects across various sectors have been initiated, including the Qosh Tepa National Canal, the TAPI pipeline, major highways and ports, railways, and projects in the electricity production

Furthermore, the Economic Deputy noted that over the past three years, internal and external investments worth more than 415 billion Afghanis have been made in Afghanistan’s mining sector.

The office of the Deputy PM emphasized that the international community should engage positively with Afghanistan by understanding the realities and facts on the ground.

It is important to mention that the World Bank published a report on Afghanistan’s economic situation on December 1 of this year, which indicated an increase in unemployment and limited implementation of infrastructure projects and investments.

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