Just Earth News | @justearthnews | 20 Oct 2021, 12:09 pm Print

Image: Xinhua/UNI
The International Monetary Fund has said in its latest regional economic report that the gross domestic products of Afghanistan could see a 30 percent contraction after the Taliban took over the country and foreign aid halted.
Officials in IMF was quoted as saying by Khaama Press that Afghanistan’s situation was deteriorating even before the Taliban entered Kabul and added that COVID-19 and drought are among the factors that will cause the sharp contraction in the economy.
The IMF report indicates that the situation will result in a decrease in living standards and may push millions of people into poverty that will then lead to a humanitarian crisis.
The Taliban took control over Afghanistan on Aug 15 after entering Kabul city.
- Top UN economist warns US tariff delay deepens trade uncertainty
- AirAsia signs agreement with Airbus for 70 A321XLRs
- Microsoft quits Pakistan operations, ex-President expresses concerns
- Microsoft to lay off 9,100 employees in largest job cut since 2023
- UAE attracting 9800 millionaires in 2025: Reports