Highlights:

  • The global aids are freezing, further daily limits are also enforced on withdrawal from bank account
  • The United Nations warned that 97 per cent of the Afghan population could soon move below the poverty line
  • UN affirmed that nearly four million Afghans are struggling with ‘a food emergency’

Afghanistan is on the verge of collapse, following its takeover by the Taliban. The global aids are freezing, further daily limits are also getting surpassed on withdrawal from bank accounts. Reportedly, several Taliban fighters have not received the money in the past months. As far as reports are concerned, most of the country has denied identifying the Taliban regime, which officially names the country, Islamic Emirate of Afghanistan.

Following the Taliban takeover, foreign assistance was frozen and the International Monetary Fund and World Bank stopped loans. The United States also halted $9.4 billion in reserves to the country’s central bank. In addition, the Financial Action Task Force (FATF) also directed its 39 member nations to block Taliban assets.

In these circumstances, the war-torn country is witnessing a crumbling economy leading to increasing prices. The United Nations warned that 97 percent of the Afghan population could soon move below the poverty line. Prior to the Taliban takeover, the figure stood at 72 percent.

The Taliban have put a withdrawal limit of $200 on citizens who travel miles to visit a city to get cash. Meanwhile, multiple banks have been closed after the group’s takeover. Reports claim that multiple fighters from the group are surviving on a little food and sleep on trucks. Further, it stated that these members live on the donations given by local community members.

On Tuesday, the UN affirmed that nearly four million Afghans are struggling with ‘a food emergency’, among whom the majority reside in rural areas. An estimated amount of $36 million is required to overcome this situation and ensuing planting of winter wheat, feed for livestock, and cash assistance for vulnerable families, the elderly and the disabled.

At a UN meeting in Geneva on Monday, an international community vowed to facilitate more than $1 billion in humanitarian assistance to the people of Afghanistan. Amir Khan Muttaqi thanked the global community for the support and expressed that they look forward to having good bilateral relations with the world’s countries, including the United States.

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