India

Afghanistan on the brink of financial bankruptcy? Taliban government on donations – report

Cash shortages have been rampant in Afghanistan since the Taliban took over. Global aid is closed and daily withdrawals from bank accounts are limited. Now a report in the New York Post claims that most Taliban supporters have not received money for months.

Most countries have refused to recognize the Taliban regime, which officially calls the country the Islamic Emirate of Afghanistan, and therefore, cash is seldom coming.

Foreign aid was frozen after Afghanistan fell to the Taliban, and the International Monetary Fund and the World Bank stopped lending. The United States withheld देशा 9.4 billion in reserves from the country’s central bank. The Financial Action Task Force (FATF) has asked its 39 member nations to block Taliban assets.

Under such circumstances, Afghanistan’s economy has collapsed and prices are rising. The United Nations warned this week that 97 percent of Afghanistan’s population could soon fall below the poverty line.

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