Afghanistan Development Update, July 2020 : Surviving the Storm

Afghanistan Development Update, July 2020 : Surviving the Storm

The global COVID-19 crisis has compounded the daunting challenges currently facing Afghanistan. Afghanistan has officially recorded 31,238 cases and 733 deaths as of end-June, with actual cases and fatalities expected to be far higher. The number of cases is increasing rapidly, with no sign that...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
ECONOMIC GROWTH
ECONOMIC OUTLOOK
FISCAL TRENDS
MONETARY POLICY
TRADE DEFICIT
POVERTY REDUCTION
HOUSEHOLD WELFARE
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
VALUE ADDED TAX
TAX REVENUE
INCOME DISTRIBUTION
DISTRIBUTIONAL IMPACT
Online Access:http://documents.worldbank.org/curated/en/132851594655294015/Afghanistan-Development-Update-Surviving-the-Storm
http://hdl.handle.net/10986/34092
id okr-10986-34092
recordtype oai_dc
spelling okr-10986-340922021-05-25T10:54:37Z Afghanistan Development Update, July 2020 : Surviving the Storm World Bank ECONOMIC GROWTH ECONOMIC OUTLOOK FISCAL TRENDS MONETARY POLICY TRADE DEFICIT POVERTY REDUCTION HOUSEHOLD WELFARE CORONAVIRUS COVID-19 PANDEMIC IMPACT VALUE ADDED TAX TAX REVENUE INCOME DISTRIBUTION DISTRIBUTIONAL IMPACT The global COVID-19 crisis has compounded the daunting challenges currently facing Afghanistan. Afghanistan has officially recorded 31,238 cases and 733 deaths as of end-June, with actual cases and fatalities expected to be far higher. The number of cases is increasing rapidly, with no sign that the pandemic is under control. With major disruptions to domestic economic activity, regional trade, and remittance flows, the economy is now contracting rapidly. With declining incomes and increasing food prices, hardship is increasing, with the poverty rate expected to increase to up to 72 percent over 2020. Due to reduced trade, administrative disruptions, and declining economic output, government revenues fell by more than a third below target levels in May, placing major pressure on government finances. COVID-19 has hit Afghanistan in the midst of a difficult political transition, an intensifying conflict, and significant uncertainty regarding future grant support. 2020-07-14T15:01:52Z 2020-07-14T15:01:52Z 2020-07 Report http://documents.worldbank.org/curated/en/132851594655294015/Afghanistan-Development-Update-Surviving-the-Storm http://hdl.handle.net/10986/34092 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling South Asia Afghanistan
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ECONOMIC GROWTH
ECONOMIC OUTLOOK
FISCAL TRENDS
MONETARY POLICY
TRADE DEFICIT
POVERTY REDUCTION
HOUSEHOLD WELFARE
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
VALUE ADDED TAX
TAX REVENUE
INCOME DISTRIBUTION
DISTRIBUTIONAL IMPACT
spellingShingle ECONOMIC GROWTH
ECONOMIC OUTLOOK
FISCAL TRENDS
MONETARY POLICY
TRADE DEFICIT
POVERTY REDUCTION
HOUSEHOLD WELFARE
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
VALUE ADDED TAX
TAX REVENUE
INCOME DISTRIBUTION
DISTRIBUTIONAL IMPACT
World Bank
Afghanistan Development Update, July 2020 : Surviving the Storm
geographic_facet South Asia
Afghanistan
description The global COVID-19 crisis has compounded the daunting challenges currently facing Afghanistan. Afghanistan has officially recorded 31,238 cases and 733 deaths as of end-June, with actual cases and fatalities expected to be far higher. The number of cases is increasing rapidly, with no sign that the pandemic is under control. With major disruptions to domestic economic activity, regional trade, and remittance flows, the economy is now contracting rapidly. With declining incomes and increasing food prices, hardship is increasing, with the poverty rate expected to increase to up to 72 percent over 2020. Due to reduced trade, administrative disruptions, and declining economic output, government revenues fell by more than a third below target levels in May, placing major pressure on government finances. COVID-19 has hit Afghanistan in the midst of a difficult political transition, an intensifying conflict, and significant uncertainty regarding future grant support.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Afghanistan Development Update, July 2020 : Surviving the Storm
title_short Afghanistan Development Update, July 2020 : Surviving the Storm
title_full Afghanistan Development Update, July 2020 : Surviving the Storm
title_fullStr Afghanistan Development Update, July 2020 : Surviving the Storm
title_full_unstemmed Afghanistan Development Update, July 2020 : Surviving the Storm
title_sort afghanistan development update, july 2020 : surviving the storm
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/132851594655294015/Afghanistan-Development-Update-Surviving-the-Storm
http://hdl.handle.net/10986/34092
_version_ 1764480333122633728

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