Afghan citizens fear abject poverty with economy in freefall ...Kuwait

The New Arab - News

With decades of war already making Afghanistan Asia’s poorest country, the nation's economy has plunged to new depths since the return of the Taliban last August. Afghanistan’s economic woes can largely be attributed to the fact that foreign aid has dried up almost completely. Under previous administrations, money from foreign organisations and governments accounted for up to 80% of the country’s budget expenditure. But immediately after the fall of Kabul, these organisations moved quickly to prevent money from falling into the hands of the Taliban. The International Monetary Fund (IMF) paused over $400 million in funding, with the World Bank also preventing any of it

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Last updated : 29 July 2022 clock 11:44 AM

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Afghan citizens fear abject poverty with economy in freefall ...Kuwait

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