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Asian News

Afghanistan Hails Debt Cancellation

Wednesday, February 08, 2006 4:13:45 PM
By DANIEL COONEY

Afghan police men examine near the site of an explosion in Kandahar, Afghanistan,Tuesday, Feb.7, 2006.  A suicide bomber blew up a guard post outside police headquarters in the southern Afghan city of Kandahar, killing 13 people and wounding 11, officials said. (AP Photo/Noor Khan)KABUL, Afghanistan (AP) - Afghanistan on Wednesday hailed decisions to cancel the impoverished country's debts to the United States, Russia and Germany, but the country likely will remain dependent on foreign aid as it recovers from decades of war.

Afghanistan owed $108 million to the United States and $44 million to Germany from loans before the 1979 Soviet invasion. Russia claimed it was owed about $10 billion from loans to a puppet communist government in the early 1990s.

"After 30 years of devastation, we are starting from nothing and any move such as this helps the reconstruction of Afghanistan," said Khaleeq Ahmed, a spokesman for President Hamid Karzai.


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