Afghanistan Development Update: April 2021 - Setting course to recovery
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World Bank: Political and Security Uncertainty Slow Down Afghanistan’s Economic Recovery
Released today, Setting Course to Recovery shows that robust agricultural growth has partially buoyed Afghanistan s economy, which shrunk by around two percent in 2020 -a smaller contraction than previous estimates. However, lockdowns, weak investment, and trade disruptions have hit hard services and industries, increasing hardship and unemployment in cities.
Growth is expected to reach one percent in 2021 and top around three percent in 2022 as the COVID-19 crisis fades. Per capita incomes are unlikely to recover to pre-COVID levels until 2025 due to fast population growth.
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English News and Press Release on Afghanistan about Contributions, Disaster Management, Drought, Epidemic and more; published on 16 Feb 2021 by World Bank
World Bank Signs $400 Million Project to Protect India’s Poor and Vulnerable from the Impact of COVID-19
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This is the second operation in a programmatic series of two.
The first operation of $750 million was approved in May 2020. It enabled immediate cash transfers to about 320 million individual bank accounts identified through pre-existing national social protection schemes under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) and additional food rations for about 800 million individuals.
The Second Accelerating India s COVID-19 Social Protection Response Program signed today will build on the shifts that the first operation has achieved and address some of the gaps. It will: