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...

Full description

Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
Online Access:http://documents.worldbank.org/curated/en/763291617611988101/Afghanistan-Development-Update-Setting-Course-to-Recovery
http://hdl.handle.net/10986/35363
id okr-10986-35363
recordtype oai_dc
spelling okr-10986-353632021-04-23T14:02:21Z Afghanistan Development Update, April 2021 : Setting Course to Recovery World Bank ECONOMIC GROWTH REAL SECTOR MONETARY POLICY EXTERNAL SECTOR FISCAL TRENDS ECONOMIC OUTLOOK RISKS POVERTY CORONAVIRUS COVID-19 PANDEMIC IMPACT LABOR MARKET LABOR FORCE SURVEY 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. 2021-04-05T16:12:31Z 2021-04-05T16:12:31Z 2021-04-05 Report http://documents.worldbank.org/curated/en/763291617611988101/Afghanistan-Development-Update-Setting-Course-to-Recovery http://hdl.handle.net/10986/35363 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
REAL SECTOR
MONETARY POLICY
EXTERNAL SECTOR
FISCAL TRENDS
ECONOMIC OUTLOOK
RISKS
POVERTY
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
LABOR MARKET
LABOR FORCE SURVEY
spellingShingle ECONOMIC GROWTH
REAL SECTOR
MONETARY POLICY
EXTERNAL SECTOR
FISCAL TRENDS
ECONOMIC OUTLOOK
RISKS
POVERTY
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
LABOR MARKET
LABOR FORCE SURVEY
World Bank
Afghanistan Development Update, April 2021 : Setting Course to Recovery
geographic_facet South Asia
Afghanistan
description 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.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Afghanistan Development Update, April 2021 : Setting Course to Recovery
title_short Afghanistan Development Update, April 2021 : Setting Course to Recovery
title_full Afghanistan Development Update, April 2021 : Setting Course to Recovery
title_fullStr Afghanistan Development Update, April 2021 : Setting Course to Recovery
title_full_unstemmed Afghanistan Development Update, April 2021 : Setting Course to Recovery
title_sort afghanistan development update, april 2021 : setting course to recovery
publisher World Bank, Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/en/763291617611988101/Afghanistan-Development-Update-Setting-Course-to-Recovery
http://hdl.handle.net/10986/35363
_version_ 1764482878179115008