KABUL (SW): Officials at Afghanistan Investment Support Agency (AISA), said that investment has decreased by 22 percent in the last 9 months of 2015 compared to last year.
Qurban Haqjo, Head of AISA, while signing an agreement letter for building 24 industrial parks in five provinces of the country, said on Tuesday that the government due to lack of a specific economic policy and approach has caused the investment to decline in the country.
He said lack of security, stability and a worsening of economic situation have led investment to decline with each passing day.
He further said that the dearth of banking facilities have also added immense challenges ahead of investment.
Haqjo said the interest rate for 3 to 6 years of banking loans have also reached from 12 to 30 percent, which would cause another obstacles towards investment in Afghanistan.
A number of investors and businessmen too complained of the insecurity and lack of access to facilities calling them as the main reasons why they invest abroad.
Despite all this, Haqjo said that AISA has been considering a program, which once implemented, would not only solve the current challenges but would also help the investment thrive in the country.
ENDS
