UN chief Antonio Guterres said on Monday that Afghanistan’s economy is facing a “build-up or collapse” situation and urged the world to save the country’s economy from collapsing. UN chief Guterres also called on the Taliban to stick to its promise to allow women to work and girls to get an education.
She said that 80 per cent of Afghanistan’s economy is informal (which has no record), with women playing a key role and “without them there is no way for the Afghan economy to get back on track”. Urging other countries of the world to provide immediate cash to the economy of Afghanistan. Afghanistan’s economy relied on international aid before the Taliban takeover in August. 75 percent of the country’s expenditure came from international aid.
The country is grappling with a cash crunch as its assets in the US and other countries are confiscated and aid from international organizations has been withheld. “Right now, their assets are confiscated and development aid is halted, so the economy is collapsing,” Guterres told reporters at the UN headquarters in New York. Banks are closing and in many places essential services like health care have also been shut down. There are cases.
Guterres said that cash flow can be done in the Afghan economy “without violating international laws or compromise principles”. He said this could be done through ‘trust funds’ run by UN agencies and the United Nations Development Program as well as through non-governmental organizations operating in the country.