Afghanistan Development Update, October 2015

dc.creatorWorld Bank
dc.date2015-11-10T17:15:35Z
dc.date2015-11-10T17:15:35Z
dc.date2015-10
dc.date.accessioned2026-07-01T00:47:53Z
dc.descriptionMore frequent incidences of violence in Afghanistan, as well as delays in the elections process and cabinet formation, continued to fuel uncertainty and affected investor confidence in 2014 and the first half of 2015. Economic growth slowed to 1.3 percent in 2014, down from 3.7 percent a year earlier. Unlike in previous years, agriculture did not contribute much to growth in 2014. Production levels were high for a third year in a row but did not supersede the strong output in 2013. Growth was mainly driven by services and a slight expansion of industries where an increase in construction activities outweighed lower production in manufacturing. Private investment activities showed strong signs of slowdown in 2014, evidenced by a drop of nearly 50 percent in new firm registrations since 2012. The National Unity Government has embarked on an ambitious reform agenda to revitalize the economy, tackle corruption, and improve investment climate. However, it will take time for these reforms to have an impact, and it is yet unclear how much they will mitigate the high risks stemming from the fragile security environment. Growing trends in security and pension and wage spending over the medium term require immediate attention. Afghanistan faces significant financing shortages for both civilian and security spending. Therefore, securing continued high levels of donor financing over the coming years is of critical importance for fiscal stability in the country. The fragile security environment and financing constraints, compounded by weak governance capacity, pose serious challenges to service delivery in Afghanistan. Any setback in reform implementation would further slowdown the pace of human capital accumulation in Afghanistan and reduce future prospects of growth and poverty reduction.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2015/10/25218611/afghanistan-development-update-october-2015
dc.identifierhttps://hdl.handle.net/10986/22931
dc.identifierhttps://doi.org/10.1596/22931
dc.identifier.urihttp://hdl.handle.net/123456789/411152
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAUCTION
dc.subjectPLEDGES
dc.subjectMONETARY POLICY
dc.subjectDEFICIT
dc.subjectWITHDRAWAL
dc.subjectDEPOSIT
dc.subjectREGULATORY FRAMEWORK
dc.subjectSECONDARY TRADING
dc.subjectEQUIPMENT
dc.subjectDEPOSITS
dc.subjectBROAD MONEY
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectSTOCK
dc.subjectINFORMATION SYSTEM
dc.subjectINTEREST
dc.subjectOPTION
dc.subjectEXCHANGE
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectBALANCE OF PAYMENTS
dc.subjectLIQUIDITY
dc.subjectDEVELOPING COUNTRIES
dc.subjectREVENUES
dc.subjectPORTFOLIO
dc.subjectLOAN
dc.subjectINVESTMENT ACTIVITIES
dc.subjectTAX
dc.subjectINCOME TAX
dc.subjectBUDGETING
dc.subjectRESERVE
dc.subjectINFLATION
dc.subjectINTERNATIONAL BANK
dc.subjectPENSION
dc.subjectINSTRUMENTS
dc.subjectSAFETY NETS
dc.subjectBUDGET
dc.subjectBANK LENDING
dc.subjectCENTRAL BANK
dc.subjectMACROECONOMIC STABILITY
dc.subjectINTERNATIONAL FINANCE
dc.subjectHUMAN RESOURCE
dc.subjectTRADE BALANCE
dc.subjectSUKUK
dc.subjectCURRENCY
dc.subjectLEGISLATIVE FRAMEWORK
dc.subjectMARKET DEVELOPMENT
dc.subjectEXPORT GROWTH
dc.subjectTELECOMMUNICATIONS
dc.subjectLONG- TERM COST
dc.subjectINCOME INEQUALITY
dc.subjectINFLATIONARY PRESSURES
dc.subjectTAX REGIME
dc.subjectTRADING
dc.subjectRECURRENT EXPENDITURES
dc.subjectFLEXIBLE EXCHANGE RATE
dc.subjectMONETARY FUND
dc.subjectCASH RESERVES
dc.subjectCAPITAL OUTFLOWS
dc.subjectCAPITAL NOTES
dc.subjectDEBT
dc.subjectMARKETS
dc.subjectPRIVATE INVESTMENT
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectFINANCIAL SECTOR DEVELOPMENTS
dc.subjectINCOME LEVELS
dc.subjectCASH RESERVE
dc.subjectLOANS
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectRESERVES
dc.subjectINVESTMENT STRATEGY
dc.subjectLEGAL FRAMEWORK
dc.subjectFINANCE
dc.subjectBANKING SECTOR
dc.subjectFISCAL DEFICIT
dc.subjectEXPENDITURE
dc.subjectQUALITY OF ASSETS
dc.subjectNATIONAL SECURITY
dc.subjectHUMAN CAPITAL
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectINTEREST PAYMENTS
dc.subjectGOOD
dc.subjectTAX RATE
dc.subjectTRANSPARENCY
dc.subjectFUTURE
dc.subjectPENSIONS
dc.subjectMOBILE PHONE
dc.subjectINVESTOR CONFIDENCE
dc.subjectINTEREST PAYMENT
dc.subjectEXPENDITURES
dc.subjectDISBURSEMENTS
dc.subjectPROPERTY
dc.subjectMARKET
dc.subjectPOLITICAL UNCERTAINTY
dc.subjectFOREIGN EXCHANGE
dc.subjectSECURITIES
dc.subjectEXPORTER
dc.subjectBALANCE OF PAYMENT
dc.subjectINSURANCE
dc.subjectECONOMIC DEVELOPMENT
dc.subjectTAX CODE
dc.subjectCURRENCY DEPRECIATION
dc.subjectGOODS
dc.subjectINVESTOR
dc.subjectSECURITY
dc.subjectFINANCIAL MARKET
dc.subjectINVESTMENT
dc.subjectCOMMERCIAL BANKS
dc.subjectINVESTMENT PORTFOLIO
dc.subjectSHARE
dc.subjectINVESTMENT CLIMATE
dc.subjectPOVERTY
dc.subjectFINANCIAL MARKETS
dc.subjectINVESTMENT ACTIVITY
dc.subjectREVENUE
dc.subjectPRIVATE INVESTMENTS
dc.subjectEXTERNAL DEBT
dc.subjectTAX POLICY
dc.subjectOUTSTANDING AMOUNT
dc.subjectINVESTMENTS
dc.subjectLENDING
dc.subjectCHILD LABOR
dc.subjectTRUST FUND
dc.subjectMATURITIES
dc.subjectEXCHANGE RATE
dc.subjectGOVERNMENT INVESTMENT
dc.subjectINSTRUMENT
dc.subjectBANKING LAW
dc.subjectDIRECT INVESTMENTS
dc.subjectCOMMODITY PRICES
dc.subjectLIABILITIES
dc.subjectARREARS
dc.subjectGUARANTEE
dc.subjectNONPERFORMING LOANS
dc.subjectDEBT RELIEF
dc.subjectHUMAN DEVELOPMENT
dc.titleAfghanistan Development Update, October 2015
dc.typeReport
dc.typeRapport
dc.typeInforme

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