AT Monitoring Desk-KABUL: As the country’s economy is dwindling and the foreign aid is shrinking, the Ministry of Economy the other day said that has prepared a 10-year economic plan to overcome economic problems ahead.
Turkey’s Hurriyet Daily News quoted the acting minister of economy, Hukum Khan Habibi, as saying that the plan has been launched to fight back economic difficulties deriving from unrest.
Terming peace as the key factor for trade and economic improvement in the country, he said roots for economic order are needed for peace in exchange.
Afghanistan’s economy developed significantly during past 14 years under former President Hamid Karzai’s tenure as this period of time witnessed billions of dollars in international assistance and investment. However, the economy has faced huge hurdles due to fall in foreign aid as well as local and international investment.
The country’s gross domestic product stands at about $34 billion with an exchange rate of $19.85 billion, and the GDP per capita is about $1,150.
Critics say economic development in Afghanistan requires the utilization of the country’s untapped underground resources, mechanization of agriculture and proper utilizing of the country’s water resources which pour into neighboring countries free of charges.