Economists Call For Broad-Based Economic Strategies Ahead of RECCA Summit

Monday, 31 August 2015 18:22

Last Updated on Tuesday, 01 September 2015 12:35


With the ongoing economic and financial recession currently facing the country, some Afghan economic commentators on Monday urged the government to put forward a credible and comprehensive economic plan to seek regional support to implement major regional economic and infrastructural projects.

According to economists, regional summits provide a platform for the government to introduce a solid economic plan to bolster the country’s economic development and such summits also enable them to consult with monetary institutions and international partners for more funding and assistance.

The remarks come just days ahead of the sixth Regional Economic Cooperation Conference on Afghanistan (RECCA) which is scheduled to take place on September 3 and 4 in Kabul. The aim is to discuss multilateral trade and commercial opportunities and challenges between Afghanistan, Pakistan and Tajikistan.

Representatives from at least 70 countries, as well as international institutions, are expected to attend the summit. Analysts say the summit will help Afghanistan to push the international community to fulfill their financial commitments to Afghanistan – commitments made during previous conferences.

In addition to the evaluating of commitments by the international community to Afghanistan, the commitments by government will also come under discussion.

“This meeting is very important to government which will discuss the commitments of the international community to Afghanistan,” economic analyst Azarakhsh Hafizi said.

This comes at a time when Afghanistan’s economic requirements are yet to be included within the framework of a national economic strategy.

“Government needs to attend these meetings with clear economic plans and recommend its programs to the donors, however focus shouldn’t surround general topics,” economist Haseebullah Mawhid said.

Rehabilitation of the ancient silk route, the implementation of mega transportation projects, energy production and the establishment of railway links are among the topics which the summit will focus on.


Source:TOLO news

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