World Bank reports 2.7% GDP growth in Afghanistan amid economic resilience
Afghanistan has achieved an average Gross Domestic Product (GDP) growth of 2.7%, according to the World Bank's latest report, highlighting moderate economic progress despite ongoing challenges.
Sakhi Ahmad Paiman, First Deputy of the Afghanistan Chamber of Industries and Mines, expressed optimism about the country's economic trajectory. “There were significant concerns initially regarding Afghanistan’s economy. However, we have reached a stage where GDP growth is positive, monetary stability is maintained, and inflation has decreased,” Paiman stated, pointing to these factors as signs of economic stability.
Abdul Latif Nazari, Deputy Minister of Economy, credited several government initiatives for the improvement. These include efforts to eradicate corruption and implement large-scale economic and employment-focused projects. “These measures have been crucial in reducing poverty and improving livelihoods,” Nazari emphasized.
Over the past three years, Afghanistan has bolstered its trade relations with neighboring countries. This has resulted in a significant increase in both exports and imports, reinforcing the resilience of Afghanistan’s economy despite its challenging circumstances.
The World Bank's report and officials' statements underline a cautious but hopeful outlook for Afghanistan’s economic future, with key measures in place to sustain progress and foster long-term stability. (ILKHA)