US Business Works With Taliban to Rebuild Afghanistan Economy

📆 07-09-23 18:14:00
📰 BNNBloomberg

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In a sign of thawing relations, a US delegation for the first time co-hosted a business conference with Taliban leaders in Afghanistan to work on a plan to rebuild the economy and address acute poverty in the face of reduced international aid.

“Our commitment is we’re going to help to elevate private sector activities,” Jeffrey Greico, the president of Washington-based Afghan-American Chamber of Commerce, said at the conference in Kabul on Wednesday. “As private sector representatives, we need to help develop Afghanistan from a very significant infrastructural standpoint.”

The Taliban administration has enacted “investor-friendly laws,” Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar, said at the conference, urging American and Afghan investors to tap into the country’s mineral resources, including lithium. The militants-turned-administrators see investments as a way to fix a cash-strapped economy after international aid, accounting for 60% of public spending, was halted following the chaotic withdrawal of US troops in 2021.

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