Chinese Foreign Minister Wang Yi speaks to the media. File photo
Chinese Foreign Minister Wang Yi urged the World Bank and International Monetary Fund (IMF) on Wednesday to resume financing support to cash-strapped Afghanistan for reconstruction.
Both institutions had suspended engagement with Myanmar after a military coup in February and with Afghanistan after the Taliban seized power in August.
The Taliban takeover in August saw billions of dollars in central bank assets frozen and international financial institutions suspend access to funds, although humanitarian aid has continued.
The World Bank has suspended engagement with Afghanistan after the Taliban seized power in August.
Banks are running out of money, civil servants have not been paid and food prices have soared. The IMF said on Tuesday that Afghanistan's economy was set to contract up to 30% this year, possibly fuelling a refugee crisis.
"Afghanistan is in need of revival on all fronts, and development is the top priority," said
Meanwhile, US Secretary of State Antony Blinken confirmed on Wednesday that he has ordered a series of internal reviews of the State Department's planning and execution of the US evacuation of Afghanistan and the relocation efforts, operations that were widely criticized as chaotic.
The United States' two decades-long occupation of Afghanistan culminated in a hastily organised airlift in August in which more than 124,000 civilians including Americans, Afghans and others were evacuated as the Taliban took over. But thousands of other US-allied Afghans at risk of Taliban persecution were left behind.
The IMF said on Tuesday that Afghanistan's economy was set to contract by up to 30% this year.
Chinese Foreign Minister, speaking via video-link to foreign ministers from Afghanistan's neighbours.
He renewed a call for the United States and other Western countries to lift unilateral sanctions on Afghanistan and for the World Health Organization to provide more vaccines and medical supplies to help Afghanistan fight COVID-19.
China has said it will send $30 million worth of emergency humanitarian assistance to Afghanistan.
China has always called for the international community to engage, rather than isolate, the Taliban.
"My overall impression is that the Taliban is eager to have dialogue and cooperation with the outside, and that they are serious about this," Wang said.
Policymakers from the Group of 20 industrialised countries are worried that the weakness evident in key economies could spread, especially if elevated trade tensions, such as those between the United States and China, escalate further.
Industrial and Commercial Bank of China Ltd (ICBC), the world’s biggest commercial lender by assets, posted a 4.1 per cent rise in profit for the three months ended March, its fastest growth for the period since 2014. Profit was 82.01 billion yuan ($12.18 billion) for the first quarter, compared with 78.80 billion yuan in the same period a year earlier, the bank said in a filing on Monday.
Trade tensions and the exchange of tariffs between the United States and China pose a «threat to the global economy,» the International Monetary Fund warned on Thursday.
Lengthy pandemic school closures have cost students trillions of dollars in lifetime earnings, the World Bank and UN agencies said on Monday, warning that the crisis has worsened since last year.
The Iraqi Security Media Cell said in a post on its official account on Facebook: “With high professionalism and extensive intelligence work, the Federal Intelligence and Investigation Agency in the Ministry of Interior continues to perform its duties, as it was able to uncover a mysterious murder of a burnt and charred man of unknown identity and features, lying on the edge of a river in Al-Haritha district, Basra Governorate.”
Khawla Abdul Rahman Bin Hadda confirmed that the scholarship programmes for outstanding Emirati male and female students come within the framework of the directives of His Highness Dr Sheikh Sultan Bin Muhammad Al Qasimi, to support outstanding students, especially national service graduates.
Prof. Sarah Gilbert, one of the scientists behind the Oxford-AstraZeneca COVID-19 vaccine, is warning that the next pandemic may more contagious and more lethal unless more money is devoted to research and preparations to fight emerging viral threats.