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Economic and Social Survey of Asia and the Far East 1956

image of Economic and Social Survey of Asia and the Far East 1956

This latest edition of the Survey analyzes current economic and social developments in the region against the background of events in the world economy. It also focuses on the serios problems of growth and transformation of the area's least developed and Pacific Island developing economies.

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Afghanistan

Owing to reduced volume of consumer imports accompanied by an unfavourable cereal harvest, some increase occurred in Afghanistan’s general price level between May and October 1955. Transit trade through Pakistan remained sluggish to the end of 1955/56, except for temporary recovery during the period November 1955 to February 1956. By utilizing the northern transit route and air transport to Bahrein, Beirut and India, the country made every effort to retain its traditional export markets and to import essential consumer and capital goods. The value of exports and imports during 1955/56 expressed in Afghanis was higher than that reached in 1954/55. With a rapid inflow toward the end of 1955, the shortage of consumer imports experienced earlier was somewhat eased in the first quarter of 1956, and substantially so in the second and third quarters. During 1956/57, and particularly with the adoption of the Five-Year Plan for 1956/57 to 1960/61, developmental activities in the country took an upward trend. The Government negotiated external loans and grants on a substantial scale to provide for foreign exchange and technical assistance needed for implementing the Plan.

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