Staff Correspondent
15 March 2025: The amount of money pledged from development partners has declined significantly in the last six months. According to the latest data, only $2.35 billion has been pledged during this period, which was a little over $7.77 billion in the same period of the previous fiscal year. In addition, about $3.94 billion has been released from foreign debt in the last seven months, compared to $4.4 billion in the same period of the previous fiscal year. This decline is being considered a worrying signal for the economy.
The pace of implementation of the Annual Development Program (ADP) in the current fiscal year is very slow. According to the latest report of the Implementation, Monitoring and Evaluation Department (IMED) of the Ministry of Planning, the ADP implementation rate in the first seven months of the fiscal year is only 21.52 percent. This is the lowest rate in the last 13 years. According to experts, if this slow pace continues, the current fiscal year may set a record low for ADP implementation.
This slow pace of ADP implementation is also delaying the release of promised funds from development partners. In many cases, partner countries and organizations are withholding their funding as project work is not progressing. This situation is further complicating the country’s development process.
An official from the Planning Ministry said, “We are taking various steps to speed up the implementation of the ADP. However, more activity is needed from the ministries and departments responsible for project implementation.” He added that coordination with development partners is being strengthened so that the promised funds are released quickly.
Economists have warned that the slow pace of ADP implementation and reduced foreign aid could have a negative impact on the economy. They have urged the government to take urgent steps to accelerate development projects and maintain economic stability.
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