AISA notes sharp investment decline in first half of 2015
KABUL (Pajhwok): The Afghanistan Investment Support Agency (AISA) said on Sunday that investment in the country had declined by $120 million during the first six months of 2015, compared to corresponding period in last year.
Mining, industry and construction were the worst-hit sectors, AISA head Mohammad Qurban Haqjo told Pajhwok Afghan News. Investments in the first six months of 2014 stood at $390 million, he recalled, saying the figure declined to $270 million in the first half of the current year.
Haqjo expressed concerns about the decline, saying: “If the current rate of economic downward trend continues then the country will march on path to economic crisis.” The government, he said, should support investments and provide a favorable environment.
Earlier also, AISA had complained that the government did not present any holistic programme for economic development. AISA has devised 100-day plans that include working out policies, identifying challenges and solutions.
Research and surveys, he said, comprised other parts of their 100-days plan. “We will conduct surveys and research to have a clear picture of the country’s economy and to understand which services AISA needs the most.”
The critical situation in the country has been a major reason for the decline in investments that has also caused the afghani losing its value against major foreign currencies.
Download “Pajhwok” mobile App, on your smartphone to read and access latest news, features, interviews, videos and photos about Afghanistan.