Afghan FM asks for loans worth$8billion from global financial institutions

Afghan FM asks for loans worth$8billion from global financial institutions

Afghan FM asks for loans worth$8billion from global financial institutions

Afghan Finance Minister Humayoun Qayoumi reportedly asked for loans worth$8billion from several global financial institutions while promoting Afghanistan’s “Self-Reliance Accelerator Package,” at the World Bank’s annual meetings in Washington this week, sources have told TOLOnews.

CEO Abdullah Abdullah’s office responded and said that asking for billions of dollars of loans at this time wasn’t a good decision.

“In the view of the current sensitive situation of the country, making big requests for loans is not a good decision,” said Omid Maisam, Abdullah’s deputy spokesman.

Lawmakers in Afghanistan’s parliament also reacted to the move and said that the decision to apply for an$8billion loan raises concerns since there is no clarity about which projects the money is intended for.“They are trying to make money under the guise of reconstruction.

But they divide 99 percent of the money with their foreign counterparts and then it is our future generations who have to compensate,” said MP Ramazan Bashardost.

Read more related articles about the Afghanistan mirror National:
https://www.afghanistanmirror.com/category/national/

Leave a Reply

Your email address will not be published. Required fields are marked *

Categories