City
Epaper

Afghan economic woes could fuel refugee crisis for neighbours, warns IMF

By IANS | Updated: October 20, 2021 13:40 IST

New Delhi, Oct 20 Afghanistan's economic woes could fuel a refugee crisis impacting neighbouring countries, Turkey and Europe, ...

Open in App

New Delhi, Oct 20 Afghanistan's economic woes could fuel a refugee crisis impacting neighbouring countries, Turkey and Europe, the International Monetary Fund has said, BBC reported.

The economy will contract by up to 30 per cent this year which could push millions into poverty and cause a humanitarian crisis, the fund warned.

The IMF said Afghanistan's neighbours would be further hit because they rely on its funds for trade, the report said.

Bordering Tajikistan has said it can't afford to take in many more refugees.

With foreign assets frozen and most non-humanitarian aid halted, inflows of cash to Afghanistan have all but dried up.

In its regional economic outlook, the fund said: "A large influx of refugees could put a burden on public resources in refugee-hosting countries, fuel labour market pressures, and lead to social tensions, underscoring the need for assistance from the international community."

While it's unclear how many Afghan refugees there would be, the IMF estimates that if there were to be a million more, hosting them would cost Tajikistan $100m (£72m), Iran $300m and Pakistan $500m, the report said.

Last month Tajikistan said it could not afford to take in large numbers of refugees unless it received international financial assistance while other Central Asian nations have said they have no plans to host refugees.

Nearby countries will also be hurt by the loss of Afghanistan as a major trading partner.

The IMF also warned there are concerns that funds going into the country may be used to finance terrorism and launder money.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: bbcNew DelhiAfghanistanInternational Monetary FundAustralia broadcasting corporationBbc radioThe new delhi municipal councilAfgBroadcasting corporationDelhi south-west
Open in App

Related Stories

InternationalUS State Department Announces Permanent Closure of Peshawar Consulate in Pakistan

InternationalPakistan-Afghanistan Conflict: Pakistani Fighter Jet Crashes in Jalalabad, Pilot Captured

CricketAfghanistan T20 World Cup Staff Suffers Heart Attack in New Delhi

National‘Harassing Crores for a Few’: Ex-CEC S.Y. Quraishi Criticises SIR Process at Lokmat National Conclave 2025

NationalLokmat National Conclave 2025: Manoj Jha Flags ‘Freebies Culture’, Says Elections Are No Longer Fair

International Realted Stories

InternationalGovt vows efforts to ensure safe passage of South Korean vessels through Hormuz strait

InternationalBangladesh faces stark gender gap in political leadership: UNDP

InternationalUS and Iran agree on two-week ceasefire, world urges sustained peace efforts

InternationalUnchecked gunfire turns Karachi into city of fear

InternationalIran's representative hails nation's 'indescribable' historical greatness amid crisis, Deputy Speaker warns leader won't sign unless conditions met