UN: Afghanistan on brink of collapse – Burning Issues – Free PDF Download

Afghanistan on brink of collapse

• Since its takeover by the Taliban, Afghanistan has been facing cash crunch, with global aids freezing and daily limits set on withdrawal from bank accounts.
• Now, a report in New York Post has claimed that most of the Taliban fighters have not received money in months.

• Most of the countries have refused to recognise the Taliban regime, which officially calls the country Islamic Emirate of Afghanistan. And so, cash is barely trickling in.
• After the Taliban takeover, foreign assistance was frozen and the International Monetary Fund and World Bank halted loans.
• The United States also stopped $9.4 billion in reserves to the country’s central bank. The Financial Action Task Force (FATF) also asked its 39 member nations to block Taliban assets.
• In such a scenario, Afghanistan’s econpmy has been crumbling and prices soaring.
• The United Nations cautioned this week that 97 per cent of Afghanistan’s population could soon go below the poverty line – a worrying level from the pre-Taliban takeover figure of 72 per cent.

• The New York Post reports that a significant number of Taliban fighters outside major cities are surviving on very little food and sleep in trucks or whatever suitable shelter they can find.
•  The publication also claimed that local community members give food and other supplies to Taliban members.
• The Taliban have already imposed a $200 withdrawal limit on citizens who travel for miles to visit a city and then wait for hours in queues to get cash.
• Many banks have been closed since the Taliban takeover, and those that are open have limited cash withdrawals.
• Meanwhile, the UN said on Tuesday that four million Afghans are facing “a food emergency” and the majority live in rural areas where $36 million is urgently needed for the coming months to ensure the planting of winter wheat, feed for livestock, and cash assistance for vulnerable families, the elderly and disabled

• International community has started extending humanitarian assistance to ruled and in a meet organised by the in Geneva on Monday, various countries including the US pledged nearly $1 billion in aid
• The US alone announced an additional $64 million in aid to Afghanistan today.
•  The majority of donors are expected to route their assistance through United Nations due to misgivings about the incumbent Taliban government in Kabul. Taliban government is yet to be recognized by the majority of countries of the world

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