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Abdullah Meets Pakistani President, Discusses Afghan Peace             US election system based on bribery: Former Senator Gravel             Germanyís Merkel to meet with Belarusí opposition figure            Israel restrains anti-Netanyahu protests in new coronavirus lockdown law             UNSC urges immediate halt to Karabakh fighting, return to peace talks            Nagorno-Karabakh fighting rages despite calls for calm             First US presidential debate for 2020 race in Cleveland, Ohio             Black familiesí wealth less than 15% of White familiesí: US Federal Reserve            More than 60 million Indians may have caught coronavirus: Study            Nasrallah: Operation underway to revive Daesh, justify US role in Mideast             Biden releases 2019 tax returns hours before presidential debate with Trump            Khalilzad heads to Doha, says world is watching talks closely             Kabul, Islamabad pave way for new era in bilateral relations             14 killed, including five children, in Daikundi roadside explosion             Time to move past conspiracy theories work together: Abdullah            


DATE PUBLISHED: 2014/12/13 - 03:34:3
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Afghan government seeks bailout from donors to pay salaries
Afghan government seeks bailout from donors to pay salaries

The Afghan government has asked donors for a bailout before the end of the year, as salary payments to government employees are still pending.

The national treasury has run out of money to pay salaries this month and has called on international donors for a bailout.

Mohammad Aqa Kohestani, head of the treasury at the Ministry of Finance, said government officials have met with representatives of the United Nations and a group of about 25 donors this week to address the budget issue.

Afghanistan had asked for a USD 537mn bailout in September, but donors only provided USD 170mn.

The budget crisis is one of the many issues facing President Ashraf Ghani’s administration.

Ghani is yet to appoint its cabinet after almost three months into his presidency.

Afghanistan’s economic growth has plunged to 1.5% this year, down from 3.7% last year.

Despite the influx of billions of dollars, Afghanistan’s economy has failed to achieve self-sufficiency and the cut-down in donations has left the economy crippled.

 

LINK: https://www.ansarpress.com/english/3146






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