Afghanistan’s economy is showing modest signs of growth after two years of severe contraction, the World Bank said.
In its latest development update issued late Wednesday, the financial institution said modest GDP growth of 2.7% was driven by private consumption. The partial recovery, coupled with falling food prices, helped to gradually improve household welfare.
Before the Taliban returned to power in August 2021, Afghanistan’s economy relied heavily on foreign aid and corruption was rife. Their takeover three years ago sent the economy into a tailspin, as billions in international funds were frozen, and tens of thousands of highly skilled Afghans fled the country and took their money with them.
Afghan’s exports remained stable in 2023-24 but imports surged, creating a widening trade deficit, according to the World Bank. This deficit, exacerbated by dependence on imports for essential goods like fuel, food and machinery, could pose a risk to the country’s economic stability.
Faris Hadad-Zervos, the World Bank’s country director for Afghanistan, said long-term growth prospects required tapping into the substantial potential of the domestic private sector and improving the overall business environment.
“Key to this is increased investment, providing access to finance to small businesses, and supporting educated and skilled women entrepreneurs so their businesses can thrive,” said Hadad-Zervos. “Without this, the country risks prolonged stagnation with limited prospects for sustainable development.”
The update comes days after media reports that the Taliban have ordered educational institutions to stop providing medical training to women and girls. The Taliban have neither confirmed the order nor responded to the reports.
On Thursday, the head of the U.N. children’s agency UNICEF said she was deeply alarmed by the reported restrictions.
UNICEF was determining the veracity of these differing accounts and welcomed efforts to address the issue, said the agency’s executive director Catherine Russell.
If confirmed, this ban was expected to immediately halt the medical education of thousands of women and jeopardize women and girls’ access to health care, she added.
“It would not only further limit the ability of women to contribute to society and earn an income but would also have far-reaching consequences for the health of the Afghan population. Lives would be lost,” she warned.
FILE - A man and his daughter watch as a worker sharpens a knife at the Poli Khishti Market downtown in Kabul, Afghanistan, on May 27, 2023. (AP Photo/Rodrigo Abd, File)
MEXICO CITY (AP) — Nicaragua’s Interior Ministry said Saturday the country would release dozens of prisoners, as the United States ramped up pressure on leftist President Daniel Ortegaa week after it ousted former Venezuelan leader Nicolás Maduro.
On Friday, the U.S. Embassy in Nicaragua said Venezuela had taken an important step toward peace by releasing what it described as “political prisoners.” But it lamented that in Nicaragua, “more than 60 people remain unjustly detained or disappeared, including pastors, religious workers, the sick, and the elderly.”
On Saturday, the Interior Ministry said in a statement that “dozens of people who were in the National Penitentiary System are returning to their homes and families.”
It wasn’t immediately clear who was freed and under what conditions. Nicaragua’s government did not immediately respond to a request for comment.
The government has been carrying out an ongoing crackdown since mass social protests in 2018, that were violently repressed.
Nicaragua’s government has imprisoned adversaries, religious leaders, journalists and more, then exiled them, stripping hundreds of their Nicaraguan citizenship and possessions. Since 2018, it has shuttered more than 5,000 organizations, largely religious, and forced thousands to flee the country. Nicaragua’s government often accused critics and opponents of plotting against the government.
In recent years, the government has released hundreds of imprisoned political opponents, critics and activists. It stripped them of Nicaraguan citizenship and sent them to other countries like the U.S. and Guatemala. Observers have called it an effort to wash its hands of its opposition and offset international human rights criticism. Many of those Nicaraguans were forced into a situation of "statelessness."
Saturday on X, the U.S. State Department’s Bureau of Western Hemisphere Affairs again slammed Nicaragua’s government. “Nicaraguans voted for a president in 2006, not for an illegitimate lifelong dynasty,” it said. “Rewriting the Constitution and crushing dissent will not erase the Nicaraguans’ aspirations to live free from tyranny.”
Danny Ramírez-Ayérdiz, executive-secretary of the Nicaraguan human rights organization CADILH, said he had mixed feelings about the releases announced Saturday.
“On the one hand, I’m glad. All political prisoners suffer some form of torture. But on the other hand, I know these people will continue to be harassed, surveilled and monitored by the police, and so will their families.”
Ramírez-Ayérdiz said the liberation of the prisoners is a response to pressure exerted by the United States. “There is surely a great deal of fear within the regime that the U.S. might completely dismantle it,” he said.
FILE - Nicaragua's President Daniel Ortega waves after attending the swearing-in ceremony of Venezuela's President Nicolas Maduro for a third term at the National Assembly in Caracas, Friday, Jan. 10, 2025. (AP Photo/Matias Delacroix, File)
