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AISA notes sharp investment decline in first half of 2015

AISA notes sharp investment decline in first half of 2015

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Aug 23, 2015 - 15:21

KABULinfo-icon (Pajhwok): The Afghanistaninfo-icon 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 environmentinfo-icon.

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.

hg/rm/mud

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