Afghanistan Development Update, April 2021 : Setting Course to Recovery
Afghanistan continues to face daunting challenges and uncertainties. The Coronavirus (COVID-19) crisis imposed a heavy burden on the economy, public finances, and private sector investment in 2020. Urban unemployment and hardship increased, while d...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/763291617611988101/Afghanistan-Development-Update-Setting-Course-to-Recovery http://hdl.handle.net/10986/35363 |
| Summary: | Afghanistan continues to face daunting
challenges and uncertainties. The Coronavirus (COVID-19)
crisis imposed a heavy burden on the economy, public
finances, and private sector investment in 2020. Urban
unemployment and hardship increased, while declining
revenues limited the feasible extent of the government’s
response. With many firms closed and jobs lost, recovery
from the impacts of the crisis now depends on re-investment
and a recovery in confidence. Restoration of confidence has
been hampered, however, by challenging political and
security conditions, and uncertainties regarding future
international support. Peace talks between the government
and the Taliban are making slow progress, while the
frequency of Taliban attacks has increased. Economic
recovery will depend on a continued strong partnership
between the government and its international partners. To
help restore private sector confidence and facilitate
continued international support, the government needs to
demonstrate substantial progress on revenue,
anti-corruption, and private sector reforms. |
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