Taliban teetering on verge of economic collapse

Ever since the Taliban’s military takeover of Kabul, the Afghan economy has gone from bad to worse and could now be headed for a total collapse if international agency predictions are to be believed.

According to the International Monetary Fund (IMF), the Afghan economy could shrink by 30% or more year on year in the coming months as the country teeters towards what the UN warns could be a catastrophic famine situation.

The economic distress can be traced largely, though not wholly, to the sudden withdrawal of mostly Western foreign aid in the wake of the US and NATO troop withdrawal and Taliban takeover in August.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *