Government support for innovations and the adoption of investment laws are the main foundation of the country's economic growth
Afghan Voice Agency (AVA) Kabul: At the same time as the Islamic Emirate came to power again on August 15, 2021, the Afghan economy was on the verge of collapse, and more than nine billion dollars of the country's assets were frozen in American and European banks. Afghan banks also faced financial problems. However, the steps taken by the Islamic Emirate officials in the field of healthy revenue collection, efforts to extract minerals and invest in the country's natural resources, sufficient attention to the domestic industry and national products, focusing on positive economic interaction with neighboring countries, paying attention to national projects and infrastructure, controlling opium cultivation, and preventing drug trafficking were able to save the country's economy from collapse.
According to experts, the above-mentioned measures mainly indicate the adoption of the right policy by the Islamic Emirate, each of which has had a very positive and sustainable role in improving the economic situation of Afghanistan, and strengthening this approach to the country's economy can put Afghanistan on the path of development.
The current economic conditions of Afghanistan, especially over the past three years, have always been the subject of discussion among analysts. Some, without considering the progress and achievements, evaluate the Afghan economy as the weakest economy, and such a view is in fact a kind of injustice and ignoring the objective realities in the country.
Fair and impartial people admit that government officials have worked for an advanced and sustainable economy. They believe that the Islamic Emirate has been able to overcome many challenges and stand on the platform of prosperity and development.
Experts believe that in the three years of its rule, the Islamic Emirate has increased Afghanistan's exports from about 800 million US dollars per year to about two billion dollars per year. Similarly, this government says that the per capita income of Afghan citizens reached 493 dollars in 1402 alone. This figure was announced as 512 dollars in the last year of the republic's rule, according to statistics, and fell below 330 dollars in the first year of the Islamic Emirate's rule.
Major Investments
In the major investment sector, the Deputy Prime Minister's Office for Economic Affairs announced in a press release in November of this year that the National Procurement Commission had approved 27 infrastructure and development projects worth about 5 billion Afghanis.
Also, Mullah Abdul Ghani Baradar, Deputy Prime Minister's Office for Economic Affairs, announced in November of this year that 415 billion Afghanis had been invested in the exploration, extraction, and processing of 21 major Afghan mines alone.
This is while the Ministry of Economy has also reported in its annual report that in the current solar year, 227 development projects have been included in the development budget for the fiscal year 1403 AH.
Abdul Rahman Habib, the spokesperson for the ministry, told the media on July 19 of this year that out of the 227 projects, 72 are new projects and the rest are transitional projects from previous years.
The spokesperson for the Ministry of Economy stated that out of the total 227 projects, 72 are new projects and 155 are transitional projects, with the largest share allocated to the infrastructure sector. According to him, the nature of the projects is as follows: 88 construction projects, 50 service projects, 33 infrastructure projects, 38 technical projects, and 18 development projects that are funded from the current year's budget.
Abdul Latif Nazari, the deputy professional minister of the Ministry of Economy, also wrote on his X page: The Ministry of Economy shared its annual report with the dear people of Afghanistan in the government media center. We want to be an example of a ministry that serves its people.
He added: "Despite sanctions and pressures, as well as the freezing of the Afghan people's money, we are working to attract domestic and foreign capital and strengthen the country's infrastructure." The sum of the statements of government officials, as well as the practical and tangible actions and achievements of the Islamic Emirate over the past three years, show that not only has the country's economy been saved from collapse and stagnation, but it has also been growing and developing in various dimensions.
The Islamic Emirate's economy-oriented policy saved the Afghan economy from collapse
However, economic experts emphasize the need to create more investment opportunities in the country to ensure the permanent stability of the country's economy.
Abdul Nasir Rashtia, an economic expert, said in an interview with Ava: After the recent political developments, with the advent of the Islamic Emirate of Afghanistan, the issue of economic restrictions and sanctions on the one hand, and the dependence of the Afghan economy on foreign aid on the other, were the main factors that prevented significant economic growth in the country despite security and political stability.
According to Rashtia, for more than 20 years, the Afghan economy relied on foreign aid. When aid was cut off and sanctions were imposed by Western countries on the other hand, and the country's financial support was frozen, it was thought that the Afghan economy would collapse, but the Islamic Emirate's economy-oriented policies and approaches saved the country's economy from collapse.
According to the analysis and assessment of this economic expert, in the past three years, the government has focused more on the endogenous economy and the revival of domestic production and investments, which is why the Islamic Emirate succeeded in bringing the bankrupt economy of Afghanistan back to its feet.
What are the fundamental solutions for economic growth and development in the country?
This economic expert added: In the past three years, about a hundred manufacturing plants worth $50 million have been established in Afghanistan, which is a form of progress in itself. However, he believes that economic growth requires a series of multifaceted approaches, including investment development, infrastructure improvement, human resource training, and so on.
Rashtia emphasized: I think that if the government focuses on the aforementioned sectors, especially infrastructure improvement, Afghanistan will witness significant economic growth in the coming years.
Rashtia added: The government should create all facilities in the investment and production sector. On the other hand, the government's support for innovations and research, support for small and medium-sized businesses, import management, consumption of domestic goods by the government, and similarly, creating a suitable environment for training human resources technically and professionally are among the solutions that can bring Afghanistan closer to an ideal economy in the future.
According to him, the approval of laws or amendments and reform of laws in the field of investments and trade and business in Afghanistan are other issues that can attract investment and grow the economy in the country.
He also emphasized: The private sector, which has the status of a strategic economic partner of the government, if it is supported more and if more investment opportunities are provided for this sector; it can solve the problem of poverty and unemployment in the country. According to him, it is not possible for a country to stand on its own feet without investment.