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Afghanistan’s mining industry never achieved its potential, despite US efforts: SIGAR

10th January, 2023 · admin

Ariana: The US government spent nearly $1 billion to fund critical mineral surveys, mineral exploration, regulatory reforms and capacity development for the former Afghan government, according to the report by the Special Inspector General for Afghanistan Reconstruction, or SIGAR. “US efforts in Afghanistan’s extractives industry presented one of the greatest opportunities for the Afghan government to generate royalty income, grow its economy, and provide meaningful employment,” the report said. “Nonetheless, multiple factors, including corruption and illegitimate and unregulated mining, hindered Afghanistan’s ability to successfully develop its extractives industry.” For example, corruption persisted throughout US efforts to develop Afghanistan’s extractives industry and political elites, warlords, military personnel, and the police controlled many mining operations—the former Afghan government estimated that it lost $300 million in revenues annually from illegal mining, according to the report. Click here to read more (external link).

Posted in Economic News, US-Afghanistan Relations | Tags: Illegal Mining, Mining, Natural Resources |
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