Afghan economy shows modest signs of growth but recovery remains fragile, says World Bank
NEW YORK - Afghanistan’s economy is showing modest signs of growth after two years of severe contraction, the World Bank said.
Before the Taliban returned to power in August 2021, Afghanistan’s economy relied heavily on foreign aid and corruption was rife. Their takeover three years ago sent the economy into a tailspin, as billions in international funds were frozen, and tens of thousands of highly skilled Afghans fled the country and took their money with them.
Faris Hadad-Zervos, the World Bank’s country director for Afghanistan, said long-term growth prospects required tapping into the substantial potential of the domestic private sector and improving the overall business environment. On Thursday, the head of the U.N. children’s agency UNICEF said she was deeply alarmed by the reported restrictions.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Afghan economy faces 'uncertain' future despite modest growth: WBAfghanistan's economy continues to face significant challenges despite showing signs of modest growth, the World Bank warned on Wednesday, with the future 'uncertain.' The economy's challenges include 'fiscal constraints, trade imbalances, and a limited capacity for public investment,' the bank said in its Afghanistan Development Update.
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