FB   
 
Powered bysps
        Society for Policy Studies
 
 

 
Patch-up frail economy
Posted:May 18, 2017
 
Print
Share
  
increase Font size decrease Font size
 
Without doubt, the economy of Afghanistan has had significant improvement in the past 15 years due to the infusion of billions dollars in international assistance and investments, as well as from domestic incomes. The development is also due to dramatic improvements in agriculture production and the strong attention of the government. It is also worth mentioning that Afghanistan holds to 3$ trillion in proven untapped mineral deposits, which could make it one of the richest mining regions on earth. But, however, due to the ongoing conflict, our country remained one of the least developed countries in the world. 
 
A large number of Afghans are living under poverty and a number others are unemployed. These people are suffering from shortages of housing, clean drinking water, electricity, and other necessary needs. Both, the previous and the incumbent government along with the international donors have been remained committed to improve access to these basic necessities by prioritizing infrastructure development, education, housing development, jobs programs, medical care, and economic reform.
 
 During war the economy was dead, but after 2001 it has been put on life by the support of international community. However, the point is that more much needed to be done since 2001 to build and strengthen the fundamentals of the economy. Important steps, such as fostering the growth and consolidation of small and medium-scale industries, encouraging foreign investments, providing safe environment for the foreign and domestic traders, and etc… have been ignored at some level. We are not turning blind eye over some improvements too, but much more was needed to be done. 
 
We should not forget that corruption is considered one of the major issues behind hampering economic growth. Corruption even weakened our security institutions. Despite these misers the good point is that the country’s economic freedom is graded for the first time in the 2017 Index, reflecting the improved availability of key economic data. Over the past decade, the country has achieved rapid yet volatile economic growth. Construction and agriculture have been the key contributors to economic expansion. Afghanistan becomes a member of the World Trade Organization in 2016. In part of improving economy, the Minister of Rural Rehabilitation and Development said it saved more than 1.7 billion Afghanis in contracts in one year as a result of its anti-corruption effort. 
 
The measures that ministry had taken included building electronic system, simplifying executive processes, creating a single center for customers, sharing corruption cases with judiciary organs, establishing information bank, increasing provincial trips of ministry leadership’s board to assess problems, monitor projects and improve supervisory team as part of anti-corruption efforts. This move is a great achievement indeed. Thought it is not a big win in fight against corruption, as millions of dollars have been embezzled, but it can be taken is one step toward growing economy, and elimination of corruption.
 
Afghanistan Times, May 19, 2017
 
 
 
 
Print
Share
  
increase Font size decrease Font size
 

Disclaimer: South Asia Monitor does not accept responsibility for the views or ideology expressed in any article, signed or unsigned, which appears on its site. What it does accept is responsibility for giving it a chance to appear and enter the public discourse.
Comments (Total Comments 0) Post Comments Post Comment
Review
 
 
 
 
spotlight image Vitaly A. Prima, Ambassador of Belarus to India for close to five years, is very enthusiastic about the future of bilateral relations as the two countries mark 25 years of diplomatic relations. Resident in New Delhi, Prima is also his country’s Ambassador to Sri Lanka, Bangladesh and Nepal.
 
read-more
India’s top diplomats held a four-day brainstorming session in New Delhi this month to strategise and decide how India should engage with major global powers and countries in the immediate neighbourhood, writes Nilova Roy Chaudhury
 
read-more
Video Gallery

 
see-more
Is it the Modi magic or Modi cult propelling the BJP to new heights with the opposition pulverised and decimated by the split vote banks of these parties in large parts of India? The BJP has gained five states in the assembly elections but lost Delhi and Bihar, writes Lalit Sethi
 
read-more
Several prominent citizens from different walks of life have called for a declaration of ceasefire in Kashmir during the month of Ramzan, beginning on Friday. Their appeal needs to be immediately heeded, both by the Centre and the state government.
 
read-more
Recently, quite a few stories have appeared on the China-Pakistan Economic Corridor (CPEC) in both local and international publications.
 
read-more
What a week it has been for the Middle East! People of Iran came out in droves to re-elect Rouhani as president for another term.
 
read-more
Poor Donald Trump. Back from his whirlwind Middle East tour — to escape rumours about how deep his closeness to a certain world leader runs — only to find talk of his loose lips still looming large, rather like a third presence, over the NATO summit.
 
read-more
Column-image

Jim Corbett was a British-Indian hunter and tracker-turned-conservationist, author and naturalist; who started off as an officer in the British army and attained the rank of a colonel. Frequently called in to kill man-eating tigers or leopards,...

 
Column-image

Title: Bollywood Boom; Author: Roopa Swaminathan; Publisher: Penguin; Price: Rs 399; Pages: 221

 
Column-image

Title: Defeat is an Orphan: How Pakistan Lost the Great South Asian War; Author: Myra Macdonald; Publisher: Penguin Random House India; Pages: 328; Price: Rs 599

 
Column-image

  The story of Afghanistan -- of the war against the Soviets and of terrorism that has gripped the landlocked country ever since -- is in many ways also the story of diplomat Masood Khalili, who motivated his people and led them...

 
Column-image

Title: The Golden Legend; Author: Nadeem Aslam; Publisher: Penguin Random House; Pages: 376; Price: Rs 599

 
Subscribe to our newsletter
Archive