Editor in Chief: Moh. Reza Huwaida Saturday, July 6th, 2024

Economic Challenges Ahead

One of the main challenges for Afghanistan after the withdrawal of international troops would be to sustain a somewhat stable economy that would support country to a certain extent. Because of an interminable history of conflicts and wars, the economic system in the country has not been developed strongly and there are serious problems in the basic infrastructure, therefore the country would be in need of international financial support even after 2014.

According to an earlier report by the World Bank, the country would be in need of about $7.2 bn or more to be able to carry on its activities in different walks of life for one decade. This required amount is based on the optimistic calculations; however, it would be more than twice what the country is capable of producing.

It is important to observe that the international community has committed to support Afghanistan even after 2014 and in that regard there have been different strategic agreements signed by different developed countries with Afghanistan. On the other hand, in one of the major international meetings on Afghanistan – the Tokyo Conference, a generous support was pledged for Afghanistan and commitments were made not to leave Afghanistan and assist it till 2025.

Definitely, the fund that would be generated as a result of the commitments in the Tokyo Conference is going to play a tremendous role in the economic future of the country and relying on this opportunity the country can be well set on the route to economic stability. However, there are certain conditions set for easy flow of the promised amount to Afghanistan.

These conditions want to ensure that the growing corruption is minimized and steps should be taken to minimize security risks and perform well to strengthen democracy and good governance. On the other hand, government authorities claim that they have a clear strategy how to spend the aid money and they have been doing so with the money that has already come to the country.

Though these statements show that the government is committed to its responsibilities; there are great challenges for which there have to be practical steps not just commitments. Moreover, there have to be a transparent strategy that must nullify all the efforts to influence the effectiveness of the aid money by cruel corruption. Transparent and ‘free of corruption’ policies will also support Afghanistan in making his reputation better and gaining the confidence of international community to support it whole-heartedly.