Code 241318
PublishDate: Wednesday, October 20, 2021 09:35

IMF predicting 30% shrink in Afghanistan’s economy after Taliban takeover

International Monetary Fund in its latest regional economic report said that the gross domestic products of Afghanistan could see a 30% contraction after the Taliban took over the country and foreign aids halted.

Afghan Voice Agency (AVA)_Officials in say that Afghanistan’s situation was deteriorating even before the Taliban enter Kabul and add that -19 and drought are among the factors that will cause the in the economy.

After the Taliban takeover on August 15, non-humanitarian aids stopped in Afghanistan, foreign assets have been frozen, people lost their jobs, and banks are struggling with a limited amount of .

The IMF report indicates that the situation will result in a decrease in living standards and may push millions of people into poverty that will then lead to a .

The report further reads that the ongoing in Afghanistan will lead to a surge in the number of refugees and will affect the -hosting_countries.

IMF asks the international community to scale up their to Afghanistan and focus on the health and education sectors.

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