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Afghanistan’s economy could shrink by more than 30% in the coming months: IMF

Kabul: The International Monetary Fund (IMF) warned that the Afghan economy, which has already deteriorated since the Taliban’s acquisition of Kabul, could shrink by more than 30% in the coming months.
According to a report published in the Asia Times, the country’s financial position is constantly moving towards a complete economic collapse as the Taliban overthrows a democratically elected government in Afghanistan.
Afghanistan is upset about warning that the United Nations may be in a catastrophic famine situation, the Asia Times quoted a report from the IMF.
Economic instability can be tracked from the time the Western army decides to withdraw the army from the country.
Most international forums, including the IMF, the World Bank, the EU and the United States, have suspended aid and assistance to Afghanistan following the inauguration of the Taliban in Kabul.
The move is because the international community did not want to put the money in the hands of the government, which has so far “taken little practical steps to eliminate the cross-border jihadi network,” according to the report. Happened.
In addition to refusing aid, the United States has also frozen $ 9.5 billion worth of Afghanistan held by US banks and financial institutions.
Although several international communities and countries are supporting Afghanistan, the seriousness of the economic collapse caused by the Taliban takeover is unlikely to pass, the Asia Times reported.
In October, the United Nations also said that Afghanistan’s economy is collapsing and all but 3% of households are expected to fall below the poverty line in the coming months.
Prior to that, UN Prime Minister Antonio Guterres urged the world to take action at the moment of the country’s “success or failure.”
“If we don’t act, help Afghanistan survive this storm, and do it soon, they and the rest of the world will pay a lot,” Guterres told journalists in New York. ..



Afghanistan’s economy could shrink by more than 30% in the coming months: IMF

Source link Afghanistan’s economy could shrink by more than 30% in the coming months: IMF

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