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 India’s Vice President Mohammed Hamid Ansari visited Armenia recently to celebrate 25 years of diplomatic relations between the two countries.
 
read-more
The US has slammed Pakistan for failing to crackdown on terror groups operating from "safe havens" inside its territory, and said the Nawaz Sharif government did not take any action against the LeT and JeM, which continue to operate openly.
 
read-more
In dispatching its  PLA (Peoples Liberation Army)  marines to Djibuti in the Horn of Africa on Wednesday (July 12 ) by amphibious ships, from the southern port of Zhanjiang, China has taken a significant step in enhancing its  trans-border military footprint.
 
read-more
It is becoming increasingly obvious that China is experiencing a sort of superiority obsession, imagining it can dominate and conquer the world. Several Chinese acts in the recent past indicate such an attitude. Asian nations, which are now apprehensive about China’s aggressive postures, are unclear how matters will shape up.
 
read-more
The aspirations of the people of Jammu and Kashmir point to the way towards a workable democratic pluralism in the state.
 
read-more
As Aadhaar becomes the norm in India, and gets skewered for the involuntary nature of its imposition, our northern neighbours, as is their wont, want to do a number that will make this appear benign.
 
read-more
South Asia is situated in a strategically important location and has always been bone of a contention for control by major powers.
 
read-more
  The U.S. administration’s decision to slap sanctions on 18 Iranian individuals and entities on Tuesday, only a day after it certified to Congress that Tehran was compliant with the conditions of the nuclear deal, sums up its strategic resolve in taking on the Islamic Republic and the tactical dilemma it faces while doi
 
read-more
S.T. Lee Distinguished Lecture of the Lee Kuan Yew School of Public Policy, Singapore on "India, ASEAN and Changing Geopolitics”
 
read-more
Column-image

Interview with Hudson Institute’s Aparna Pande, whose book From Chanakya to Modi: Evolution of India’s Foreign Policy, was released on June 17.

 
Column-image

This is the continuing amazing spiritual journey of a Muslim man from Kerala who plunged into Vedic religion after a chance encounter with a Hindu mystic under a jackfruit tree in the backyard of his house when he was just nine. It is a story w...

 
Column-image

History is told by the victors but in our modern age, even contemporary events get - or are given - a slant, where some contributors soon get eclipsed from the narrative or their images tarnished.

 
Column-image

Humans have long had a fear of malignant supernatural beings but there may be times when even the latter cannot compare with the sheer evil and destructiveness mortals may be capable of. But then seeking to enable the end of the world due to it...

 
Column-image

Title: Reporting Pakistan; Author: Meena Menon; Publisher: Viking/Penguin Random House; Pages: 340; Price: Rs 599

 
Subscribe to our newsletter
Archive