City
Epaper

Afghan economy on verge of collapse under Taliban: WFP Official

By ANI | Updated: October 7, 2021 02:15 IST

The economic situation in post-war Afghanistan under the Taliban government continues to deteriorate, Mary-Ellen McGroarty, country director at World Food Programme (WFP) in Kabul, said on Wednesday.

Open in App

The economic situation in post-war Afghanistan under the Taliban government continues to deteriorate, Mary-Ellen McGroarty, country director at World Food Programme (WFP) in Kabul, said on Wednesday.

"The situation that the (Afghan) economy is in is just actually exacerbating," McGroarty told media.

Afghans are not receiving their wages, and there is a shortage of work, she said. At the same time, the country's healthcare system is nearly destroyed, and food and fuel prices have skyrocketed, McGroarty added.

A restart of the economy is urgently needed and the first step should be unlocking reserves, the WFP official said.

After the Taliban entered Kabul in mid-August, leading to the collapse of the US-backed Afghan government, the World Bank and the International Monetary Fund suspended financial aid to the new Afghan government. Their support accounted for nearly 75 per cent of Afghanistan's public expenditure.

The United States has also frozen billions of dollars in assets belonging to the Afghan Central Bank. (ANI/Sputnik)

( With inputs from ANI )

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: AfghanistanKabulTalibanWorld food programmeAfgUn world food programmeTalibansWorld food programUnited nations world food programUn world food program
Open in App

Related Stories

CricketBAN vs AFG LIVE Cricket Streaming: When and Where to Watch Bangladesh vs Afghanistan Asia Cup 2025 Match 9 in India

CricketBAN vs AFG, Asia Cup 2025 Match 9: Bangladesh Wins Toss, Opts to Bat First Against Afghanistan – Check Playing XIs

CricketRashid Khan-Led Afghanistan Beat Hong Kong by 94 Runs in Asia Cup 2025 Opener (VIDEO)

CricketAsia Cup 2025: Sediqullah Atal’s 73, Azmatullah Omarzai's 53 Power Afghanistan to 188/6 vs Hong Kong

InternationalAfghanistan Earthquake Leaves 1,411 Dead, UN Urges Urgent Global Assistance

International Realted Stories

InternationalTrump admin to provide Ukraine with intelligence to strike targets deep inside Russia: Report

InternationalChina builds 'mock Taipei' war zone: aggressive expansion highlights invasion threat

InternationalJapan's Shizuoka prefecture Governor Yasutomo Suzuki creates multicultural symbiosis society based on the bridge with India

InternationalIndia & France hold Air Staff talks, discuss enhancing cooperation, state-sponsored terrorism

InternationalGovt issues notices to 25 offshore crypto exchanges for breaking anti-money laundering rules