Afghanistan at Transition: the Lessons of the Longest
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Financial Performance of Commercial Banks in Afghanistan
International Journal of Economics and Financial Issues ISSN: 2146-4138 available at http: www.econjournals.com International Journal of Economics and Financial Issues, 2018, 8(1), 242-249. Financial Performance of Commercial Banks in Afghanistan Qais Haidary1, Boris Abbey2* 1Member, Association of Chartered Certified Accountants UK, Kabul, Afghanistan, 2American University of Afghanistan, California, USA. *Email: [email protected] ABSTRACT Banks play a vital role in a country’s economic system but they are only able to operate on a going concern basis if they are managed effectively and efficiently. In this vital study, authors have used descriptive statistics and multivariate regression model to determine the parameters. The findings show that the banks’ internal factors have significant impact over its profitability with the exception of the liquidity variable and that external economic factors were insignificant at 5% confidence level. Hence, profitability in Afghan banks is determined by the efficiency of their management rather than macroeconomic factor of gross domestic product. Keywords: Financial Performance, Commercial Banks, Afghanistan JEL Classification: G2 1. INTRODUCTION with needed appropriate supervision. Healthy banks and well functioning banks does not only meet the need of the government Afghanistan suffered decades of war that ruined infrastructure of but would contribute to the overall economy of the country, will the country for almost every industry. However with the overthrow support imports and exports, facilitating access to finance for of the Taliban regime during 2001 and the beginning of transitional development, facilitating deposits, insurance, guarantees and democratic government, the country lacked financial resources to nevertheless ensuring circulation of legal money as required support its reformation and rebuilding. -
Il Drago Cinese E L'aquila Americana Sullo Scacchiere Asiatico
Il drago cinese e l’aquila americana sullo scacchiere asiatico – Asia Maior 2013 Maior Asia – asiatico scacchiere sullo americana l’aquila e cinese drago Il di) cura (a Mocci N. e Torri M. Nel corso del 2013, lo scacchiere asiatico è apparso dominato a livello geopolitico da una sorta di duello a distanza fra il drago Asia Maior cinese e l’aquila americana. Il drago cinese ha continuato a raorzare Osservatorio italiano sull’Asia la propria posizione con un uso sempre più incisivo del proprio soft power. Dall’altro lato, l’aquila americana ha portato avanti la 2013 costruzione di una rete di alleanze destinata ad unire in funzione anticinese i paesi dell’Asia-Pacico. Il quadro è stato ulteriormente complicato dalla rinnovata capacità dell’Iran, sotto la leadership del neo presidente Rouhani, di reinserirsi nel gioco internazionale. Dal punto di vista economico, invece, i paesi asiatici hanno continuato a confrontarsi con le conseguenze della crisi mondiale. Da una parte vi è stata la scelta, in particolare quella della Cina, a favore di politiche Il drago cinese e economiche neoliberiste; dall’altra vi è stata la decisione in senso opposto del Giappone, che ha inaugurato una politica economica espansiva, basata su massicce iniezioni di liquidità monetaria l’aquila americana sullo nel sistema economico. Un caso a parte, inne, è rappresentato dal terzo gigante asiatico, l’India, dove alle politiche economiche neoliberiste si è aancato il varo di una politica redistributiva di dimensioni gigantesche: la legge sulla sicurezza alimentare. scacchiere asiatico Il volume, prendendo le mosse da tale quadro generale, analizza l’Asia Maior dal punto di vista sia dei rapporti inter nazionali sia delle dinamiche interne di diciannove paesi asiatici: Afghanistan, Bangladesh, Cambogia, Cina (Taiwan inclusa), Corea del sud, Corea del nord, Fi lippine, Giappone, India, Indonesia, Iran, Malaysia, Myanmar, Pakistan, Sri Lanka, ailandia, Turkmenistan, Vietnam. -
Ce General Conference GC (54)/INF/7 Date: 23 September 2010
Atoms for Peace General Conference GC (54)/INF/7 Date: 23 September 2010 General Distribution Original: English 54th regular session Vienna, 20-24 September 2010 List of Participants Information received by 22 September 2010 Page 1. Member States 1-101 2. Representation of States not Members of the Agency 102 3. Entities Having Received a Standing Invitation to Participate as 103 Observers 4. United Nations and Specialized Agencies 104 5. Intergovernmental Organizations (IGOs) other than United Nations 105-108 and its Specialized Agencies 6. Non-Governmental Organizations (NGOs) 109-113 7. Individual Observers 114-115 The list of Participants contains information as provided by Delegations. Member States Mr Nikolla CIVICI Director of Applied Nuclear Physics Afghanistan, Islamic Republic of Mr Rustem PACI Head of Delegation: Secretary of Radiation Protection Commission Mr Eklil Ahmad HAKIMI Deputy Minister for Foreign Affairs Mr Jovan THERESCA Technical Advisor Alternates: Mr Lorenc XHAFERRAJ Mr Abdul M SHOOGUFAN Expert on International Organisations Ambassador Ministry of Foreign Affairs Governor on the Agency's Board of Governors & Resident Representative to the Agency Permanent Mission to the IAEA Algeria, People's Democratic Republic of Mr Abdul Hai NAZIFI Chairman Head of Delegation: High Commission on Atomic Energy Ms Taous FEROUKHI Ambassador* Mr Mohammad Yama AINI Resident Representative to the Agency Second Secretary Permanent Mission to the IAEA Alternate to the Resident Representative Permanent Mission to the IAEA Alternates: -
The Independant Joint Anti-Corruption Monitoring
ﮐﻣﻳﺗﻪ ﻣﺳﺗﻘﻝ ﻣﺷﺗﺭک ﻧﻅﺎﺭﺕ ﻭ ﺍﺭﺯﻳﺎﺑﯽ ﺩ ﺍﺩﺍﺭی ﻓﺳﺎﺩ ﭘﺭ ﻭړﺍﻧﺩی ﺩ څﺎﺭﻧﯽ ﺍﻭ ﺍﺭﺯﻭﻧﯽ ﻣﺑﺎﺭﺯﻩ ﺑﺎ ﻓﺳﺎﺩ ﺍﺩﺍﺭی NDEPENDENT OINT NTI ORRUPTION I J A -C MONITORING AND EVALUATION COMMITTEE UNFINISHED BUSINESS: THE FOLLOW-UP REPORT ON KABUL BANK ACKU Kabul, Afghanistan October 2, 2014 Independent Joint Anti-Corruption Monitoring and Evaluation Committee ACKU Unfinished Business: The Follow-up Report on Kabul Bank (October 2, 2014) Page 2 UNFINISHED BUSINESS: THE FOLLOW-UP REPORT ON KABUL BANK ACKU Independent Joint Anti-Corruption Monitoring and Evaluation Committee Message from the Committee This report is being written at a time of significant change in Afghanistan. The country has completed a democratic and peaceful transfer of power, international military troops continue to withdraw, foreign aid is being reduced, and Afghans are leading in a number of new areas. The future of Afghanistan will be greatly determined by the strength of the new government’s policies and its ability to effectively implement decisions through the institutions entrusted to do so. However, a number of fundamental challenges await the government, including weak governance, impunity, and economic instability, which must be overcome in order to assure Afghanistan’s viability. Many of these challenges permeate the Kabul Bank crisis and the issues that continue to be unresolved. August 2014 represented the four-year mark since the collapse of the Bank, but there has been insufficient progress in addressing all related concerns. Inevitably, the passage of time and the emergence of new crises have allowed Kabul Bank to move into the background of the country’s conscience, but the Bank will never be forgotten so long as Afghans continue to pay the costs of the fraud and to witness other injustices. -
Afghanistan Remittance Overview and Trends Annex to Afghanistan Migration Profile
Afghanistan Remittance Overview and Trends Annex to Afghanistan Migration Profile AFGHANISTAN REMITTANCE OVERVIEW AND TRENDS ANNEX TO AFGHANISTAN MIGRATION PROFILE Prepared for the International Organization for Migration (IOM) by Michaella Vanore Katrin Marchand CONTENTS List of Tables ...................................................................................6 List of Figures .................................................................................6 Acronyms .......................................................................................7 Foreword ........................................................................................9 Executive Summary ......................................................................11 1. Introduction .............................................................................19 2. Current Knowledge and Remittance Trends ..............................21 2.1. Measuring Remittances: Methodological Challenges ......................21 2.2. Remittances in Afghanistan: Current State of Knowledge ................25 2.2.1. Remittance Flows: Balance of Payment Statistics ....................25 2.2.2. Remittance Flows: Household Surveys .................................... 28 2.2.3. Remittance Flows: Case Studies ...............................................33 3. Remittance Infrastructure and Management Frameworks ........39 3.1. Remittance Channels ....................................................................... 39 3.1.1. Banks and Microfinance Institutions ....................................... -
Technocratic Reforms in Afghanistan Email: [email protected] Benefits and Limitations
UNITED STATES INSTITUTE OF PEACE PEACEBRIEF209 United States Institute of Peace • www.usip.org • Tel. 202.457.1700 • @usip July 2016 WILLIAM A. BYRD Technocratic Reforms in Afghanistan Email: [email protected] Benefits and Limitations Summary • In the run-up to major international aid meetings on Afghanistan’s security (July 2016) and development (October 2016), the country’s National Unity Government (NUG) has made considerable progress in pursuit of “technocratic” reforms, mostly involving laws, regula- tions, plans, strategies, and formal processes. • These technocratic reforms have generally been well received by donors and are encapsu- lated in various internationally supported aid and incentive programs; thus, they are useful in attracting continued international financial support for Afghanistan. • However, these reforms alone will not resolve the country’s formidable security, political, and economic problems. • The Afghan government needs to work with greater cohesion—especially in making timely and high-quality appointments in key ministries and agencies—and take serious Within the Afghan actions to address the most critical problems; the focus should be on those actions within its reform program that will yield concrete results in the short run (e.g., revenue growth “government’s ambitious and and economic stimulus). wide-ranging reform agenda, • International partners should not overly emphasize technocratic reforms at the expense of actions that lead to concrete, providing urgently needed assistance (e.g., air support for Afghan security forces, measures measurable results in the short to support the stability and effectiveness of the NUG, and targeted actions to help stimulate a modest economic revival). run should be prioritized.” A Noteworthy Technocratic Reform Program Since 2014, Afghanistan’s NUG has been plagued by political dysfunction and gridlock, a marked deterioration in security, and a weak economy. -
Honorary Committee
Ambassador Eklil Ahmad Hakimi, Embassy of Afghanistan Ambassador Hans Peter Manz, Embassy of Austria Ambassador Cornelius Smith, Embassy of The Bahamas Ambassador Houda Nonoo, Embassy of Bahrain Ambassador Akramul Qader, Embassy of Bangladesh Chargé d'Affaires Freddy Bersatti, Embassy of Bolivia Ambassador Tebelelo Seretse, Embassy of Botswana Ambassador Mauro Vieira, Embassy of Brazil Ambassador Elena Borislavova Poptodorova, Embassy of Bulgaria Ambassador Angele Niyuhire, Embassy of Burundi Ambassador Gary Doer, Embassy of Canada Ambassador Maria de Fatima Lima da Veiga, Embassy of Cape Verde Ambassador Faida M. Mitifu, Embassy of the Democratic Republic of the Congo Ambassador Muni Figueres, Embassy of Costa Rica Ambassador Pavlos Anastasiades, Embassy of Cyprus Ambassador Petr Gandalovič, Embassy of the Czech Republic Ambassador Peter Taksøe-Jensen, Embassy of Denmark Ambassador Roble Olhaye, Embassy of Djibouti Ambassador Nathalie Cely Suárez, Embassy of Ecuador Ambassador Francisco Altschul, Embassy of El Salvador Ambassador Purificacion Angue Ondo, Embassy of Equatorial Guinea Ambassador Marina Kaljurand, Embassy of Estonia Ambassador Girma Birru Geda, Embassy of Ethiopia Ambassador João Vale de Almeida, Delegation of the European Union to the United States Ambassador Winston Thompson, Embassy of Fiji Ambassador Ritva Koukku-Ronde, Embassy of Finland Ambassador François Delattre, Embassy of France Ambassador Michael Moussa-Adamo, Embassy of Gabon Ambassador Alieu Momodou Ngum, Embassy of The Gambia Ambassador Peter Ammon, Embassy -
Study on Security Cooperation in The
This publicaion has been produced with the assistance of the European Union. The contents of this publicaion are the sole responsibility of ATR Consuling and can in no way be taken to relect the views of the European Union. CONTENTs Execuive Summary 1 Acronyms 2 Acknowledgements 5 Background and 6 Context Concept and 7 Background of the Heart of Asia Building r Commitment 8 States to the Heart of Asia Process Among Membe Map 1: 9 Heart of Asia Member States Exising Studies 10 on the Heart of Asia Process Approach and 11 Methodology Approach 11 Research Quesions 11 Methodology 12 Findings 13 Security Cooperaion’ Looking Beyond the Tradiional Deiniion of ‘ 13 Security Threats 14 in the Region Security Cooperaion 17 Mechanisms in the Region Obstacles to 22 Efecive Security Cooperaion in the Region Opportuniies for 23 Intensiied Security Cooperaion Incenives for 25 Intensiied Security Cooperaion Policy Opions 26 for the Heart of Asia Conclusion 29 Appendix I: 31 Afghanistan Most Relevant 32 Security Threats to Afghanistan Exising Security 32 Cooperaion Mechanisms Obstacles to 35 Efecive Security Cooperaion Opportuniies aion and 38 Incenives for Intensiied Security Cooper Promising Policy 40 Opions for the Heart of Asia Process Map 2: 40 Proposed Route of TAPI Gas Pipeline Project Appendix II: 42 Azerbaijan Most Relevant 43 Security Threats Exising Security 44 Cooperaion Mechanisms Obstacles to Efecive Security Cooperaion 45 Opportuniies and Incenives for Intensiied Security Cooperaion 46 Promising Policy Opions for the Heart of Asia Process -
Afghanistan: Post-Taliban Governance, Security, and U.S
Afghanistan: Post-Taliban Governance, Security, and U.S. Policy Kenneth Katzman Specialist in Middle Eastern Affairs December 21, 2011 Congressional Research Service 7-5700 www.crs.gov RL30588 CRS Report for Congress Prepared for Members and Committees of Congress Afghanistan: Post-Taliban Governance, Security, and U.S. Policy Summary Stated U.S. policy is to ensure that Afghanistan will not again become a base for terrorist attacks against the United States. Following policy reviews in 2009, the Obama Administration asserted that it was pursuing a well-resourced and integrated military-civilian strategy intended to pave the way for a gradual transition to Afghan leadership from July 2011 until the end of 2014. To carry out U.S. policy, a total of 51,000 additional U.S. forces were authorized by the two 2009 reviews, which brought U.S. troop numbers to a high of about 99,000, with partner forces adding about 42,000. On June 22, 2011, President Obama announced that the policy had accomplished most major U.S. goals and that a drawdown of 33,000 U.S. troops would take place by September 2012. The first 10,000 of these are to be withdrawn by the end of 2011 and the remainder of that number by September 2012. The transition to Afghan leadership began, as planned, in July 2011 in the first set of areas, four cities and three full provinces; a second and larger tranche of areas to be transitioned was announced on November 27, 2011. The U.S. official view is that security gains achieved by the surge could be at risk from weak Afghan governance and insurgent safe haven in Pakistan, and that Afghanistan will still need direct security assistance after 2014. -
Fortschrittsbericht Afghanistan Zur Unterrichtung Des Deutschen Bundestags
[Geben Sie Text ein] Fortschrittsbericht Afghanistan zur Unterrichtung des Deutschen Bundestags Januar 2014 Fortschrittsbericht Afghanistan Januar 2014 Impressum Herausgeber Presse- und Informationsamt der Bundesregierung 11044 Berlin Stand Januar 2014 Weitere Informationen im Internet unter www.bundesregierung.de/afghanistan www.auswaertiges-amt.de/afghanistan www.bmvg.de/afghanistan www.bmz.de/afghanistan www.bmi.bund.de/afghanistan Seite | 2 Fortschrittsbericht Afghanistan Januar 2014 Inhaltsverzeichnis EINLEITUNG UND ZUSAMMENFASSUNG 4 I. SICHERHEIT 8 1. Sicherheitslage und Transition 8 2. Leistungsfähigkeit und Finanzierung der Sicherheitskräfte 12 3. Von ISAF zur Resolute Support Mission 16 4. Ortskräfte bei deutschen Stellen in Afghanistan 17 II. STAATSWESEN UND REGIERUNGSFÜHRUNG 18 5. Regierungsführung und Institutionen 18 6. Wahlen 24 7. Zivilgesellschaft und Menschenrechte 27 8. Versöhnung und Reintegration 31 III. WIEDERAUFBAU UND ENTWICKLUNG 33 9. Ausblick auf den Tokio-Prozess 34 10. Wirtschaftliche Entwicklung und Einkommen 35 11. Entwicklung der einzelnen Sektoren 37 ANHANG 43 GLOSSAR 45 Fortschrittsbericht Afghanistan Januar 2014 Einleitung und Zusammenfassung Die Fortschrittsberichte der Bundesregierung zur Lage in Afghanistan dienen der Unter- richtung des Deutschen Bundestages. Die in Afghanistan engagierten Ressorts – vor allem Auswärtiges Amt (AA), Bundesministerium des Innern (BMI), Bundesministerium der Vertei- digung (BMVg) und Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (BMZ) – erstellen -
Official Documents the World Bank
OFFICIAL DOCUMENTS THE WORLD BANK Street 15, House 19. Tel: (0093) 70113 3328 IBRD IDA I WORLDBANKGROUP Wazir Akbar Khan Afghanistan Country Office Kabul, Afghanistan Public Disclosure Authorized H.E. Eklil Ahmad Hakimi December 29, 2016 Minister of Finance Ministry of Finance Islamic Republic of Afghanistan Kabul, Afghanistan Excellency: Re: Afghanistan Reconstruction Trust Fund Grant No. TF014845 Preparation of the "Afghanistan: First Public-Private Partnerships Project" (Formerly "Afghanistan Resource Corridors Project") Public Disclosure Authorized Additional Instructions: Disbursement I refer to the Grant Agreement ("Agreement") between the Islamic Republic of Afghanistan (the "Recipient") and the International Development Association (the "World Bank") acting as administrator of grant funds provided by various donors ("Donors") under the Afghanistan Reconstruction Trust Fund ("ARTF"), for the above-referenced project, dated May 21, 2013. The Agreement provides that the World Bank may issue additional instructions regarding the withdrawal of the proceeds of preparation Grant No. TF014845-AF ("Grant"). This letter ("Disbursement Letter"), as revised from time to time, constitutes the additional instructions. This is the First Amendment of the Disbursement Letter dated May 21, 2013. This revision is for: * removal of special commitment and reimbursement methods of disbursement; Public Disclosure Authorized * opening of a separate Designated Account under Ministry of Finance for Part C activities of the Project Preparation Grant (PPG); * change in the Designated Account ceiling from fixed to variable; and * change in the reporting of Grant proceeds from Statement of Expenditure (SOE) based to Interim Unaudited Financial Reports (IUFR) based. All other provisions of the Disbursement Letter dated May 21, 2013, except as amended, shall remain in force and effect. -
Foreign Diplomatic Offices in the United States
FOREIGN DIPLOMATIC OFFICES IN THE UNITED STATES AFGHANISTAN phone (212) 750–8064, fax 750–6630 Embassy of Afghanistan His Excellency Narcis Casal De Fonsdeviela 2341 Wyoming Avenue, NW., Washington, DC Ambassador E. and P. 20008 Consular Office: California, La Jolla phone (202) 483–6410, fax 483–6488 ANGOLA His Excellency Eklil Ahmad Hakimi Ambassador E. and P. Embassy of the Republic of Angola Consular Offices: 2100–2108 16th Street, NW., Washington, DC California, Los Angeles 20009 New York, New York phone (202) 785–1156, fax 785–1258 His Excellency Alberto Do Carmo Bento Ribeiro AFRICAN UNION Ambassador E. and P. Delegation of the African Union Mission Consular Offices: 2200 Pennsylvania Avenue, NW., Floor 4 New York, New York Washington, DC 20037 Texas, Houston Embassy of the African Union ANTIGUA AND BARBUDA phone (202) 293–8006, fax 429–7130 Her Excellency Amina Salum Ali Embassy of Antigua and Barbuda Ambassador (Head of Delegation) 3216 New Mexico Avenue, NW., Washington, DC 20016 ALBANIA phone (202) 362–5122, fax 362–5225 Embassy of the Republic of Albania Her Excellency Deborah Mae Lovell 1312 18th Street, NW., Washington, DC 20036 Ambassador E. and P. / Consul General phone (202) 223–4942, fax 628–7342 Consular Offices: His Excellency Gilbert Galanxhi District of Columbia, Washington Ambassador E. and P. Florida, Miami Consular Offices: New York, New York Connecticut, Greenwich Puerto Rico, Guaynabo Georgia, Avondale Estates ARGENTINA Louisiana, New Orleans Massachusetts, Boston Embassy of the Argentine Republic Michigan, West Bloomfield 1600 New Hampshire Avenue, NW., Washington, DC 20009 Missouri, Blue Springs phone (202) 238–6400, fax 332–3171 New York, New York Her Excellency Maria Cecilia Nahon North Carolina, Southern Pines Ambassador E.