Afghan citizens fear abject poverty with economy in freefall

Published by
Al-Araby

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…

Read More

Leave a Reply